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Only in America

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    Only in America

    Clients 2 children under the age of 14 each had stock sale with a 2200 Gain.

    Each child had taxes due. Mother was furious. She thinks taxes are illegal to begin with.

    I filed mothers taxes claiming both kids earlier in the year, so I brought up her tax return and what do you know. This same person got:
    $ 3388 in EIC
    $ 1221 in CTC

    she paid $226 income tax that zeroed out with CTC

    Suggested she move to Iraq or Iran and send $4609 back to ther IRS. She indicated she had thought about it, but would have trouble with the language barrier.

    Ya gota love it.
    Confucius say:
    He who sits on tack is better off.

    #2
    Wife was..........

    ........furious because she cashed in US Bonds that yielded $ 22,000 of interest income. "WHY DO I HAVE TO PAY TAXES ON THIS, IT SHOULD BE TAX FREE INCOME................". I told her NYS has agreed to not tax this interest so you got half your wish.
    Last edited by BOB W; 04-07-2006, 05:12 PM.
    This post is for discussion purposes only and should be verified with other sources before actual use.

    Many times I post additional info on the post, Click on "message board" for updated content.

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