YSK that eating the rich is a nutritious way to redistribute wealth
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Ah, and only 90% of gambling losses. Looks like another point against the poor.
Not that I’m condoning gambling, but, weird how those things impact polar opposite sides of the wealth gap.
Wait, if you buy a 10 dollar scratch card, you can deduct 9 dollars from you income for tax purposes?
In my experience, poor people gamble a lot. I've never seen a rich person buy a lottery ticket
That’s the point. Poor people gambling can’t write off their losses on taxes. Well, they can, just only up to 90%. Rather than all of it like it has been.
Pretty sure poor people don't have enough money to hire someone who can write off losses
Anyone can write off stuff on their taxes. It's pretty easy actually.
I'm always terrified to write stuff off because I fear I will accidentally write something off that I'm not really allowed to due to some obscure legalese and then I will get audited in 5 five years and owe 10 grand in late fees and interest or some shit.
It’s not hard to file taxes. Especially for an individual, with a normal W2 income, and not much else. Certain people try to make it hard, but it’s not.
I don’t need to pay someone to put a number on a form.
Most poor people probably just take the standard deduction anyway. It's not like they have enough money to accumulate a large amount of deductible expenses anyway. Possible exceptions might be large medical expenses or a mortgage.
The law, in its majestic equality, allows rich and poor alike to deduce private jet expenses from their taxes.
Why not make it be for bicycle repairs instead?
If I get write-offs for my bike collection, I will also be stimulating the construction sector as I barely have room to store them all as it is. :-D
Thank you, government. That is really an improvement of my life!
Deduct. And the USA is taking the world in completely the opposite direction from where it needs to go.
It would be nice if we could deduce them.
Finally! Do you have an idea how expensive those things are and how much my wage slaves must work for that?
For example, a $3 million aircraft purchase – of America’s favorite business jet, the Pilatus PC‑12 – could potentially lower your tax liability by over $1 million if you’re in the 35 % bracket. This isn’t just savings; the Big Beautiful Bill private aircraft subsidy offers financial strategy at its finest. You can read more about the tax benefits of private aircraft ownership in our special report here.
Thanks magats
The PC-12 is a turboprop, not a jet, though.
It's a leech hauler alright, but not a jet.
Buy two! Save double!
You allowed this before proper health care because that's Socialism? Communism? Gay?
Gross.
Kash Patel is gonna make a killing!
deduce private jet expenses
I can deduce it right from a receipt, if they give you one.

How many arms this guy got?
Just the one that he does the Hitler salute with, silly