The IRS Audit
At the end of the tax year, the IRS office sent an inspector to audit the books of a local hospital. While the IRS agent was checking the books he turned to the CFO of the hospital and said "I notice you buy a lot of bandages. What do you do with the end of the roll when there's too little left to be of any use? "Good question," noted the CFO. "We save them up and send them back to the bandage company and every now and then they send us a free box of bandages. "Oh," replied the auditor, somewhat disappointed that his unusual question had a practical answer. But on he went, in his obnoxious way. "What about all these plaster purchases? What do you do with what's left over after setting a cast on a patient? "Ah, yes," replied the CFO, realizing that the inspector was trying to trap him with an unanswerable question. "We save it and send it back to the manufacturer, and every now and then they send us a free package of plaster. "I see," replied the auditor, thinking hard about how he could fluster the know-it-all CFO. "Well," he went on, "What do you do with all the leftover foreskins from the circumcisions you perform? "Here, too, we do not waste," answered the CFO. "What we do is save all the little foreskins and send them to the IRS Office, and about once a year they send us a complete dick."
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Originally Posted by rich85tpi,Feb 18 2010, 05:58 PM
Funny!
But I have the uptmost respect for all the IRS agents and the important work they do. (in case anyone is reading this)
But I have the uptmost respect for all the IRS agents and the important work they do. (in case anyone is reading this)
My sympathy goes to small business owners...
Death and taxes....
I never did understand how about half of income tax goes to support the military...
I'd also be happier if I could opt out of part/all of the 15.2% SE tax and fund my own retirement. Unfortunately it's a Ponzi scheme so that won't be happening any time soon.
On the upside, we get to write damn near everything off. Mileage more than pays all the operating costs on my car, most of my cell phone bill, 20ish% of my rent and utilities (aside from cable TV). Hell, I even take my damn dry cleaning with me when working out of my tax home so I can deduct that. Vacations tend to occur immediately before and after business travel and often involve *ehem* overestimating duration. The 25%/$49,000 SEP-IRA is a lot more generous than 10%/16,500 401K limit.
Trust me, it's not all bad.
I never did understand how about half of income tax goes to support the military...
I'd also be happier if I could opt out of part/all of the 15.2% SE tax and fund my own retirement. Unfortunately it's a Ponzi scheme so that won't be happening any time soon.
On the upside, we get to write damn near everything off. Mileage more than pays all the operating costs on my car, most of my cell phone bill, 20ish% of my rent and utilities (aside from cable TV). Hell, I even take my damn dry cleaning with me when working out of my tax home so I can deduct that. Vacations tend to occur immediately before and after business travel and often involve *ehem* overestimating duration. The 25%/$49,000 SEP-IRA is a lot more generous than 10%/16,500 401K limit.
Trust me, it's not all bad.
Originally Posted by essi1553,Feb 19 2010, 01:30 AM
You can't get so tough on people who earn a living, and use that money to pay for people who ride the welfare train as far as it will take them.








