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06-13-2004, 08:59 AM
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#4 |
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The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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If you pay it on your personal income tax, legally you pay on ALL money received, not on profit. You're not allowed to deduct costs.
If you steal $100K, then give it back, the IRS says you have to pay tax on $100K because you had control of it which makes it income. 
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
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