US tax madness
US tax madness
Out of context: Reply #22
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- Greedo0
You get to deduct expenses. We all have expenses. I pay tax on my salary, and probably way more than you, regardless of 'how much i spend to make it'. The fact remains that you cleared $1000 in profit, which the government, like it or not, is entitled to a share thereof.
If you don't like this, find a way to declare a loss, come up with more deductions, invest in real estate, get married, have kids, whatever it takes. But that's the system.