Madoff Victims Makeoff

Out of context: Reply #1

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  • boobs0

    People who lose money in investments have been able to take deductions on those losses for years and years now. Ever hear the term "write off?" Write offs are basically deductions from profit, which reduce the taxes on the profit. Sometimes to zero--or lower!

    Plus victims of crime have been able to deduct certain types of losses for quite some time.

    So, there doesn't seem to be anything new here. In the free market called the United States, investors have taken deductions on losses since the income tax was invented.

    So go soak your fucking head.

    boobs 0Permalink
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