IRS doesn't like Herbstreit burning down his house.

David Byrne made millions and thus doesn't see what the big deal is.

 

No, no, no it doesn't because if the IRS doesn't squeeze every last penny out of us then we won't have roads and bridges.......[\SportsJournalists.com liberal mafia's standard whining and last ditch effort to salvage their bullshit talking points when challenged about the insane amount of money we pay in taxes for the most insane reasons]

 

Yes, and we wouldn't want anyone to "make out like a bandit" (liberal code phrase for anyone having the audacity to make a profit) in a capitalistic society, particularly not now when we have all kinds of government goodies being promised to everyone by the elitist egotistical socialist dickhead currently occupying the White House......

 

Umm, Herbstreit's not trying to claim a "profit" here, he's claiming a charitable tax deduction. You do know the difference, right?

A tax deduction, by definition, is supposed to be an expense actually incurrred that you are allowed to subtract from AGI. Yet this transaction actually left Herbstreit with more money in his pocket than if he'd not done it. Doesn't it seem just a wee bit counterintuitive to allow someone to subtract from their adjusted gross income for something that, in reality, added wealth? Particularly when he's seeking to subtract $330,000 for it. If this doesn't violate the letter of our tax laws, it certainly does strain the spirit.

 

This skipped "strain" and proceeded directly to full-fledged sports hernia.

 

Because I believe the IRS is the spawn of Satan, I have hard time pulling for them. OTOH, this particular deduction seems a little silly. If Herbstreit came out ahead even after paying the taxes, he should suck it up and move on.

 

If he paid for the house and the portion that was used (burned) was worth $330,000 then he should get to claim that exemption. If he paid $330,000 for the whole property (land still being used) then he should only get to claim the actual value of what he donated.

The reason he donated should make no difference. This is where the clothes analogy is a good one. You don't/can't wear clothes anymore and they're worth nothing to you but you donate them to a charity, you get to claim their value as an exemption.

 

Um, in the eyes of the American way of life-hating dipshits who have taken over in this country and all of their Kool Aid drinking cheerleaders -- no there is no difference between tax deductions, tax credits, profits or anything else that may allow an American with even a little bit of wealth to keep one dime more of his/her money than they have deemed he/she needs to live.

If our tax codes were fair and made sense, we wouldn't have people trying to find ways to keep a little bit more of their money that THEY worked hard to earn as opposed to being forced to fund every hair-brained handout the give-me crowd can dream of creating under the guise of leveling the playing field.

 

Zaggy's got the conch.

 

Uh, they also fund things like roads, parks, teachers and, uh, firemen, who just might be fired when tax revenues come up short.

More than 600 teachers in my county were laid off. Parks are closed on Tuesdays, with the threat of closing them on Wednesdays looming in October.

But as long as someone can get a tax break from torching his own house, hey, more power to 'em!

 

Can he hear the ocean?