rich people gamble plenty, they just call it investing and get way more tax write offs for doing so
Comment on YSK that americans can now deduce private jet expenses from their taxes
quick_snail@feddit.nl 1 month agoIn my experience, poor people gamble a lot. I’ve never seen a rich person buy a lottery ticket
IronBird@lemmy.world 1 month ago
Hathaway@lemmy.zip 1 month ago
That’s the point. Poor people gambling can’t write off their losses on taxes. Well, they can, just only up to 90%. Rather than all of it like it has been.
quick_snail@feddit.nl 1 month ago
Pretty sure poor people don’t have enough money to hire someone who can write off losses
some_kind_of_guy@lemmy.world 1 month ago
They don’t make enough to itemize in the first place, they’ll just take the standard deduction. (Unless they lost like $20k on scratchers somehow)
burgermeister@sh.itjust.works 1 month ago
Anyone can write off stuff on their taxes. It’s pretty easy actually.
Pyr_Pressure@lemmy.ca 1 month ago
I’m always terrified to write stuff off because I fear I will accidentally write something off that I’m not really allowed to due to some obscure legalese and then I will get audited in 5 five years and owe 10 grand in late fees and interest or some shit.
Hathaway@lemmy.zip 1 month ago
It’s not hard to file taxes. Especially for an individual, with a normal W2 income, and not much else. Certain people try to make it hard, but it’s not.
I don’t need to pay someone to put a number on a form.
toddestan@lemmy.world 1 month ago
Most poor people probably just take the standard deduction anyway. It’s not like they have enough money to accumulate a large amount of deductible expenses anyway. Possible exceptions might be large medical expenses or a mortgage.
quick_snail@feddit.nl 1 month ago
The rest of the world: nah, its insane and difficult that you have to file taxes
AA5B@lemmy.world 1 month ago
Does it require them to itemize? Most cant