The cost of the Iraq war

[VJW]

Re: The cost of the Iraq war

If you would only take the time to read carefully what you've written, you'd realize your comments support my statement about a 5% floor entirely.

I’m afraid not.

As if one is limiting oneself to Abizaid’s statements, it is ONLY the TOTAL number of fighters where he is allowing wide latitude, not the number of foreign fighters. Therefore, your attempt to allow for the potential inflation of the latter is invalid.

As far as you being wrong, it's bad enough your opinions are so dreadful.

You’re mistaking facts for “opinions”.

Giving incorrect tax advice which people might believe is even worse. How long for profit?

According to the IRS, it’s NOT “incorrect tax advice”.

And by the way, your "#" key is stuck. That's the only possible explanation for it appearing at the bottom of your posts.

Other than you’re clueless.

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[dealsaver]

Re: The cost of the Iraq war

According to the IRS, it’s NOT “incorrect tax advice”.
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You've confused "presumption" with "determination". Please don't give tax advice when you don't know what you are talking about.Deducting Business Expenses

From your posts, it's clear that you'd rather win than be right. I've learned to ignore those people in life. Poof! You've acheived ignore status.

[VJW]

Re: The cost of the Iraq war

You've confused "presumption" with "determination".

No I didn’t.

Please don't give tax advice when you don't know what you are talking about.

Unfortunately, it’s YOU that does not know what you’re writing about.

* Here’s what I posted:

“In the U.S., you MUST earn a profit from your declared activity in THREE out of the first FIVE years, otherwise they consider your activity merely a HOBBY”


* Here’s what the IRS posted, from your link:

“An activity is presumed carried on for profit if it produced a profit in at least 3 of the last 5 tax years, including the current year.”

From your posts, it's clear that you'd rather win than be right.

From your posts, it’s clear you have absolutely no grasp of reality and post unsubstantiated gibberish that you just happen to believe.


Just in this thread alone, you incorrectly claimed:

* That Iraq had “nuclear secrets smuggled to them from the Pakistani ‘father of the bomb’ along with the raw materials they had already paid for from North Korea”

* “Most recent reports indicate Iraq refused Dr Abdul's latest overtures to sell nuclear secrets because he feared a sting operation in the run up to the war.”

* “Who's speculating?”

* “As per the Khan debacle, The IAEA doesn't even know what's going on in countries which comprise their own board of Governors.”

* “I remember Abizaid saying there were about 5000 foreign insurgants a few years ago.”

* “Please don't give tax advice when you don't know what you are talking about.”

In each and every case, your statements were false, wrong, and inaccurate.

I've learned to ignore those people in life. Poof! You've acheived ignore status.

Your reaction to discovering your world view does not comport with reality and the facts is quite understandable. You have my sympathies for being so misguided.

BYE !

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[jmjj215]

Re: The cost of the Iraq war

VJW,
The IRS "presumes" profit - meaning you don't have to substantiate it in any other way - you can still prove it's a business and not a hobby using their other criterion listed - I posted it from their site in the other thread.
With the 3/5 profitability, you're declared innocent. Without the 3/5, it's up to you to prove you're a business - but it's very doable. Hope that clears up the tax situation.

Other than that, thanks for a great read guys! Your average # of posts in thread before it gets personal is growing less and less .

[VJW]

Re: The cost of the Iraq war

VJW,
The IRS "presumes" profit - meaning you don't have to substantiate it in any other way - you can still prove it's a business and not a hobby using their other criterion listed - I posted it from their site in the other thread.

I never claimed one did. I merely posted it as a warning, that one cannot go merrily along, year after year, not making a profit, without potential consequences.

I’ve seen this happen with a guy who I used to sub-contract business to. Instead of allowing for profits, he was legitimately plowing money back into his business, Amazon-style, investing in additional equipment and inventory, but by the fifth year, the IRS slapped him with tax obligations, citing the 3/5 year rule.

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[jmjj215]

Re: The cost of the Iraq war

I think your warning could've been interpreted by someone w/ a bit less knowledge that the 3/5 rule is the end-all approach to the hobby/business question and that is why I posted what I did. Just clarifying.

[Firefly]

Re: The cost of the Iraq war

We are still in Germany, Japan, and South Korea years after combat ceased "over there".

This is true.

I didn't agree with this war but it would be even worse not to finish what we started.