On Tue, 19 May 2009 10:57:36 -0500, "David G. Nagel"
<[email protected]> wrote:
>Charlie Self wrote:
>> On May 18, 7:24 pm, "Leon" <[email protected]> wrote:
>>> "Dave Balderstone" <dave@N_O_T_T_H_I_Sbalderstone.ca> wrote in message
>>>
>>> news:180520091629235616%dave@N_O_T_T_H_I_Sbalderstone.ca...
>>>
>>>> In article <[email protected]>, Leon
>>>> <[email protected]> wrote:
>>>>> 3. Should the IRS be informed that the dead beat son is earning some
>>>>> kind
>>>>> of living and living rent free?
>>>> Is that against tax law down there inthe US of A?
>>> I don't know if it would be in this particular case but if you are given a
>>> place to live for free, it is a taxable benefit.
>>
>> Only from your employer.
>
>The person giving the free place to live is taxed on the income that
>should have been paid.
Only if the lodging is part of employment and doesn't fall under other
business expenses.
In article <[email protected]>, Leon
<[email protected]> wrote:
> 3. Should the IRS be informed that the dead beat son is earning some kind
> of living and living rent free?
Is that against tax law down there inthe US of A?
--
Kiva - Loans that change lives.
http://www.kiva.org/lender/david87375440
In article <[email protected]>, Leon
<[email protected]> wrote:
> "Dave Balderstone" <dave@N_O_T_T_H_I_Sbalderstone.ca> wrote in message
> news:180520091629235616%dave@N_O_T_T_H_I_Sbalderstone.ca...
> > In article <[email protected]>, Leon
> > <[email protected]> wrote:
> >
> >> 3. Should the IRS be informed that the dead beat son is earning some
> >> kind
> >> of living and living rent free?
> >
> > Is that against tax law down there inthe US of A?
>
> I don't know if it would be in this particular case but if you are given a
> place to live for free, it is a taxable benefit.
How does that work with a stay-at-home spouse?
Are they all tax cheats?
What about a teenager with a part-time job, living at home?
Tax cheat?
--
Kiva - Loans that change lives.
http://www.kiva.org/lender/david87375440
In article <[email protected]>, Leon
<[email protected]> wrote:
> It has to be a benefit in lieu of payment. Basically a benefit. If he is
> going to be a politician this perhaps could be construed as a contribution
> to his campaign.
This applies to family members under US tax law? Glad I don't live
there!
Gonna be a lot of kids in tax courts once the depth of the dearth of
tax revenues starts to sink in among the party in charge, methinks.
I'm REALLY glad I don't live in the USA right now. You people actually
earning taxable revenue must be shitting bricks.
--
Kiva - Loans that change lives.
http://www.kiva.org/lender/david87375440
On May 19, 11:57=A0am, "David G. Nagel" <[email protected]>
wrote:
> Charlie Self wrote:
> > On May 18, 7:24 pm, "Leon" <[email protected]> wrote:
> >> "Dave Balderstone" <dave@N_O_T_T_H_I_Sbalderstone.ca> wrote in message
>
> >>news:180520091629235616%dave@N_O_T_T_H_I_Sbalderstone.ca...
>
> >>> In article <[email protected]>, Leon
> >>> <[email protected]> wrote:
> >>>> 3. =A0Should the IRS be informed that the dead beat son is earning s=
ome
> >>>> kind
> >>>> of living and living rent free?
> >>> Is that against tax law down there inthe US of A?
> >> I don't know if it would be in this particular case but if you are giv=
en a
> >> place to live for free, it is a taxable benefit.
>
> > Only from your employer.
>
> The person giving the free place to live is taxed on the income that
> should have been paid.
Should have been paid by whom? People giving free shelter to others
aren't taxed on that shelter gift that I've ever heard. This guy has
just continued living at home. AFAIK, there's neither a law against it
nor a tax on it.
Steve Turner wrote:
> I don't even know where to start with this one:
>
> http://news.yahoo.com/s/ap/20090518/ap_on_fe_st/us_odd_messy_room_5
>
> Contrast this with the thread about Leon's son maybe? LOL!
"The son, who also works as a political consultant, said he's lucky to
be living in the house rent free. He also promises to keep his room clean."
...that's what they all say.
--
Morris Dovey
DeSoto Solar
DeSoto, Iowa USA
http://www.iedu.com/DeSoto/
Tom Veatch wrote:
> On Mon, 18 May 2009 16:42:12 -0500, Morris Dovey <[email protected]>
> wrote:
>
>> "The son, who also works as a political consultant, said he's lucky to
>> be living in the house rent free. He also promises to keep his room clean."
>>
>> ...that's what they all say.
>
> Morris, it sounds like you may be a little skeptical. I will say both
> my sons' rooms stay pretty clean. But, the last one moved out over 16
> years ago which may have some bearing on that.
Heh - I was thinking more in the context of politicians and promises and
mess-making and living off the efforts of others.
> At 29, the son maybe ought to be thinking about his own place. I
> didn't live with my parents for more than a couple of months after
> high school.
Yup - me too. By 26 I was in my own home and by 35 it was paid off (the
guy I was working for told me doing that was "un-American").
--
Morris Dovey
DeSoto Solar
DeSoto, Iowa USA
http://www.iedu.com/DeSoto/
On May 19, 10:26=A0am, Steve Turner <[email protected]> wrote:
> Charlie Self wrote:
> > They all have one thing in common: stupidity, which has nothing to do
> > with political parties.
>
> That's odd, my perception is that stupidity is a fundamental element of
> all political parties.
>
> --
> Free bad advice available here.
> To reply, eat the taco.http://www.flickr.com/photos/bbqboyee/
Yes, and to all groups that base themselves on "platforms," AKA
dogmatism, but it's not tied particularly to any single political
party. It's share and share alike.
Charlie Self wrote:
> They all have one thing in common: stupidity, which has nothing to do
> with political parties.
That's odd, my perception is that stupidity is a fundamental element of
all political parties.
--
Free bad advice available here.
To reply, eat the taco.
http://www.flickr.com/photos/bbqboyee/
"David G. Nagel" <[email protected]> wrote:
>The person giving the free place to live is taxed on the income that
>should have been paid.
Are you talking about the gift tax? Then it is a reduction in the estate tax
exception that has to be dealt with when the giver dies. Only then if the gift
exceeds $13,000 in any given year. See http://www.fairmark.com/begin/gifts.htm
-- Doug
"Steve Turner" <[email protected]> wrote in message
news:[email protected]...
>I don't even know where to start with this one:
>
> http://news.yahoo.com/s/ap/20090518/ap_on_fe_st/us_odd_messy_room_5
>
> Contrast this with the thread about Leon's son maybe? LOL!
Let's check in with Leon in another 5-6 years... with the current economy he
may have the same problem! ;~)
John
"Steve Turner" <[email protected]> wrote in message
news:[email protected]...
>I don't even know where to start with this one:
>
> http://news.yahoo.com/s/ap/20090518/ap_on_fe_st/us_odd_messy_room_5
>
> Contrast this with the thread about Leon's son maybe? LOL!
>
> --
> See Nad. See Nad go. Go Nad!
> To reply, eat the taco.
> http://www.flickr.com/photos/bbqboyee/
Now there is a lot to say about that short story. First off, you have not
seen my son's room, but he is only 21 and did study in there a lot. ;!)
The 28 year old "boy" in the story however seems to be true to form.
1. He is 28 years old and has a messy bedroom.
2. He is 28 years old and lives at home with mom and dad.
3. He is a school board member.
4. His father did not want to ruin his son's political career over the
incident.
5. He is a political consultant.
My observations.
1. He has never, NEVER been kissed by a girl his age.
2. His father's only hope of boosting his son out of the basement is if he
finds a way to get welfare..... uh er uh a, job in politics.
3. Should the IRS be informed that the dead beat son is earning some kind
of living and living rent free?
"Dave Balderstone" <dave@N_O_T_T_H_I_Sbalderstone.ca> wrote in message
news:180520092225068749%dave@N_O_T_T_H_I_Sbalderstone.ca...
> In article <[email protected]>, Leon
> <[email protected]> wrote:
>
>> It has to be a benefit in lieu of payment. Basically a benefit. If he
>> is
>> going to be a politician this perhaps could be construed as a
>> contribution
>> to his campaign.
>
> This applies to family members under US tax law? Glad I don't live
> there!
>
> Gonna be a lot of kids in tax courts once the depth of the dearth of
> tax revenues starts to sink in among the party in charge, methinks.
>
> I'm REALLY glad I don't live in the USA right now. You people actually
> earning taxable revenue must be shitting bricks.
I do not know the infinite details of the tax laws. I seriously doubt a
family member has to pay tax if staying free with a family. That said
however certain restrictions will apply in different cases. Those
restrictions would be concerning the status of how all members living under
the same roof would be filing their tax returns. The son in this case could
not be able to claim himself as a deduction if his parents are claiming him.
If the boy were being provided free living quarters by his job regardless of
where he lives he would have to pay taxes on that benefit. Technically it
is considered taxable income. Many politicians are provided with this
benefit.
"Dave Balderstone" <dave@N_O_T_T_H_I_Sbalderstone.ca> wrote in message
news:180520091629235616%dave@N_O_T_T_H_I_Sbalderstone.ca...
> In article <[email protected]>, Leon
> <[email protected]> wrote:
>
>> 3. Should the IRS be informed that the dead beat son is earning some
>> kind
>> of living and living rent free?
>
> Is that against tax law down there inthe US of A?
I don't know if it would be in this particular case but if you are given a
place to live for free, it is a taxable benefit.
"Morris Dovey" <[email protected]> wrote in message
>
> Yup - me too. By 26 I was in my own home and by 35 it was paid off (the
> guy I was working for told me doing that was "un-American").
>
I had to have my mother's name on the deed of my first house because I was
only 20 when I bought it. I was able to get a mortgage myself though.
Charlie Self wrote:
> On May 18, 7:24 pm, "Leon" <[email protected]> wrote:
>> "Dave Balderstone" <dave@N_O_T_T_H_I_Sbalderstone.ca> wrote in message
>>
>> news:180520091629235616%dave@N_O_T_T_H_I_Sbalderstone.ca...
>>
>>> In article <[email protected]>, Leon
>>> <[email protected]> wrote:
>>>> 3. Should the IRS be informed that the dead beat son is earning some
>>>> kind
>>>> of living and living rent free?
>>> Is that against tax law down there inthe US of A?
>> I don't know if it would be in this particular case but if you are given a
>> place to live for free, it is a taxable benefit.
>
> Only from your employer.
The person giving the free place to live is taxed on the income that
should have been paid.
Steve Turner wrote:
> I don't even know where to start with this one:
>
> http://news.yahoo.com/s/ap/20090518/ap_on_fe_st/us_odd_messy_room_5
>
> Contrast this with the thread about Leon's son maybe? LOL!
>
28 year old son, living at home in his parent's basement and a political
consultant. Since the story doesn't mention party affiliation, my bet is
democrat.
--
If you're going to be dumb, you better be tough
On May 18, 7:24=A0pm, "Leon" <[email protected]> wrote:
> "Dave Balderstone" <dave@N_O_T_T_H_I_Sbalderstone.ca> wrote in message
>
> news:180520091629235616%dave@N_O_T_T_H_I_Sbalderstone.ca...
>
> > In article <[email protected]>, Leon
> > <[email protected]> wrote:
>
> >> 3. =A0Should the IRS be informed that the dead beat son is earning som=
e
> >> kind
> >> of living and living rent free?
>
> > Is that against tax law down there inthe US of A?
>
> I don't know if it would be in this particular case but if you are given =
a
> place to live for free, it is a taxable benefit.
Only from your employer.
On May 19, 8:51=A0am, Swingman <[email protected]> wrote:
> Dave Balderstone wrote:
> > I'm REALLY glad I don't live in the USA right now. You people actually
> > earning taxable revenue must be shitting bricks.
>
> Cinder blocks ...
>
> --www.e-woodshop.net
> Last update: 10/22/08
> KarlC@ (the obvious)
Yeah, and the local governments want more. Around here, they do
understand that people will accept no more taxes, so they're calling
the new taxes "fees."
"We need money for a new wing on the county shithouse..." or some such
asininity, and we don't have it. "We're in the middle of contracts we
have to pay for, and we don't have the money..." alonog with other
lies.
In all of this, with people losing jobs or getting cut back in hours,
it never, ever once occurs to these assholes to cut their own salaries
10%, the salaries of those under them 5%, and to cut back on entity
supplied items like cars the size of the Big Mo and four wheel drive
vehicles for deputies who never go off a hard paved surface. We have a
potful of deputies running around in ram cruisers when there has never
once been a need for such a thing in Bedford County. The county has a
baby armored car to supplement the one the State Police keep nearby.
We have a thingie called "Blue Ridge Thunder" to protect the local
chirrun from pedophiles. Unfortunately, the only ones the assigned
deputies using the county gear have attracted in more than 8 years
have been from places like Pittsburgh, Philly, Charlotte, Raleigh and
other fun areas. No local kids involved, no local pedos involved, but
the county gets to pay for what are often high profile expensive
trials. We won't talk about the conviction rate, but it's lower than
most people with good credit pay on their bankcards.
Believe me, we don't need to worry about DC for pissing away money.
Boss Hogg no longer lives here, but his 15-20 younger brothers and
sisters do. Side note: Bedford is actually better than some other
counties at not wasting money, though I'm still trying to figure out
how we're able to spent 4-6 million bucks for a new school that
Franklin County, one county over, does for $1,500,000. Same size,
number of classrooms, etc.
Part of it is good, old pretentiousness, of course.
On May 19, 12:40=A0am, Mark & Juanita <[email protected]> wrote:
> Steve Turner wrote:
> > I don't even know where to start with this one:
>
> >http://news.yahoo.com/s/ap/20090518/ap_on_fe_st/us_odd_messy_room_5
>
> > Contrast this with the thread about Leon's son maybe? =A0LOL!
>
> =A0 28 year old son, living at home in his parent's basement and a politi=
cal
> consultant. =A0Since the story doesn't mention party affiliation, my bet =
is
> democrat.
>
> --
> If you're going to be dumb, you better be tough
Oh, bullshit, Mark.
I know several local parents heavily involved in their children's
support, and, as one would expect in a heavily red state, they are
invariably Republican. In blue states, they are probably most likely
to be Democrats.
They all have one thing in common: stupidity, which has nothing to do
with political parties.
On Mon, 18 May 2009 16:42:12 -0500, Morris Dovey <[email protected]>
wrote:
>"The son, who also works as a political consultant, said he's lucky to
>be living in the house rent free. He also promises to keep his room clean."
>
>...that's what they all say.
Morris, it sounds like you may be a little skeptical. I will say both
my sons' rooms stay pretty clean. But, the last one moved out over 16
years ago which may have some bearing on that.
At 29, the son maybe ought to be thinking about his own place. I
didn't live with my parents for more than a couple of months after
high school.
Douglas Johnson wrote:
> "David G. Nagel" <[email protected]> wrote:
>
>> The person giving the free place to live is taxed on the income that
>> should have been paid.
>
> Are you talking about the gift tax? Then it is a reduction in the estate tax
> exception that has to be dealt with when the giver dies. Only then if the gift
> exceeds $13,000 in any given year. See http://www.fairmark.com/begin/gifts.htm
>
> -- Doug
Doug;
No. It's a tax on earnings that would have been made had payment been
made. Nothing to do with gifts.
Dave
"Mark & Juanita" <[email protected]> wrote in message
news:[email protected]...
> Steve Turner wrote:
>
>> I don't even know where to start with this one:
>>
>> http://news.yahoo.com/s/ap/20090518/ap_on_fe_st/us_odd_messy_room_5
>>
>> Contrast this with the thread about Leon's son maybe? LOL!
>>
>
> 28 year old son, living at home in his parent's basement and a political
> consultant. Since the story doesn't mention party affiliation, my bet is
> democrat.
Certainly "American"
"John Grossbohlin" <[email protected]> wrote in message
news:[email protected]...
>
> "Steve Turner" <[email protected]> wrote in message
> news:[email protected]...
>>I don't even know where to start with this one:
>>
>> http://news.yahoo.com/s/ap/20090518/ap_on_fe_st/us_odd_messy_room_5
>>
>> Contrast this with the thread about Leon's son maybe? LOL!
>
> Let's check in with Leon in another 5-6 years... with the current economy
> he may have the same problem! ;~)
>
> John
Yeah, we may be living with him! LOL
"Charlie Self" <[email protected]> wrote in message
news:[email protected]...
On May 18, 7:24 pm, "Leon" <[email protected]> wrote:
> "Dave Balderstone" <dave@N_O_T_T_H_I_Sbalderstone.ca> wrote in message
>
> news:180520091629235616%dave@N_O_T_T_H_I_Sbalderstone.ca...
>
> > In article <[email protected]>, Leon
> > <[email protected]> wrote:
>
> >> 3. Should the IRS be informed that the dead beat son is earning some
> >> kind
> >> of living and living rent free?
>
> > Is that against tax law down there inthe US of A?
>
> I don't know if it would be in this particular case but if you are given a
> place to live for free, it is a taxable benefit.
Only from your employer.
Yes, but with this situation it would not be a far stretch, him being a
political advisor and a member on the board of education and seeking a
political career, to some how have worked a deal to be compensated for
housing by his employer.
On Tue, 19 May 2009 06:42:05 -0500, "Leon"
<[email protected]> wrote:
>I do not know the infinite details of the tax laws.
Part of our tax confusion (U.S.) is that it's very doubtful that any
single person does "know the infinite details".
I can certainly verify your earlier statement about benefits in lieu
of payment being taxable. In college, during the late 1960's, I worked
in the Women's Dining Hall for my meals. No cash changed hands, but
that's where I met my wife. Every January, I'd receive a W-2 form from
the university showing that the value of my meals had been reported to
the IRS as taxable income. Of course, no withholdings had been made
since there was no money involved. Cash from other sources had to be
diverted to pay the taxes due.
I doubt the guy living at home would be subject to that particular
little quirk unless he was somehow employed by his parents and
receiving free lodging as payment for that employment. But, who knows,
some of those infinite details might be applicable.
Tom Veatch
Wichita, KS
USA
An armed society is a polite society.
Manners are good when one may have to back up his acts with his life.
Robert A. Heinlein
"Dave Balderstone" <dave@N_O_T_T_H_I_Sbalderstone.ca> wrote in message
news:180520091839354339%dave@N_O_T_T_H_I_Sbalderstone.ca...
>>
>> I don't know if it would be in this particular case but if you are given
>> a
>> place to live for free, it is a taxable benefit.
>
> How does that work with a stay-at-home spouse?
>
> Are they all tax cheats?
>
> What about a teenager with a part-time job, living at home?
>
> Tax cheat?
It has to be a benefit in lieu of payment. Basically a benefit. If he is
going to be a politician this perhaps could be construed as a contribution
to his campaign.