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Although it's ever so much more complicated than this.........and anyone who lived through the gas crunches of the 1970's remembers clearly what happens when the government tries to keep the prices low.
"You've got to be smart about things. I mean, I don't want my body on the Internet," says Stacey Stokes, 19, a bronzed bikini-wrapped blonde from Colorado's Trinidad State Junior College. "A guy slipped his digital camera up my skirt last night. I kicked him in the head."
An hour later, a grinning Stokes is booty-shaking to a Snoop Dogg rap as some guy inhales whipped cream off her chest and video cameras sprout like weeds from the leering crowd. So much for good intentions.
And that is exactly the kind of moment that frequent photo contributor Eddie O. lives for and often captures in pixels. It's also why the House Blond is never going to the river with her friends. At least not until she's 30.
With an interesting mix of pop pyscho-babble, innuendo, extrapolation of small group behavior to the larger population, and a smidgeon of half-truths*, USA Today covers 2005 spring break antics at Lake Havasu with some excellent photos (no naked bodies).
No, TWC stopped going to the river on holidays back when it was still called Easter Vacation and Easter weekend officially kicked off boating season.
*Here's a sample: "this placid lake that Native Americans once called home".
Except that Lake Havasu didn't exist before the construction of Parker Dam in 1938. Before the Colorado River was tamed, once the spring floods passed, the river often wasn't much more than a mud hole by July. During the hot desert summers most of the Indians who lived along the river migrated to higher ground to places like Christmas Tree Pass. End of Speech.
It was bad enough with RICO, which was supposed to end organized crime as we know it. Instead RICO has been used frequently to harrass abortion protestors. Then came currency transaction reporting and the money laundering statutes which promised to put drug traffickers out of business (that worked, too). But the last vestiges of our banking privacy, our right to be secure in our papers and our persons, has entirely vanished under the Patriot Act.
Think not? I'm gonna tell you what...........I've seen some pretty scary stuff first hand.
Life long Republican Bob Barr spearheads the efforts to allow the Patiot Act to sunset rather than to be re-upped by your betters in DC who have more than national security on their minds when they assure us that we need to be managed like little kids (or cattle).
Click on the flag above to for more information.
Just 'cause yer not paranoid doesn't mean they're not out to get you.
I got a lot of emails on this, sorry for scaring you to death.
To clarify, if you're selling grandma's china on eBay and you make a bunch of money, it's not taxable. Why? Because you inherited the china and your interest (tax basis) in the china is it's market value (which is what it fetched on eBay). Therefore the gain is zero and the tax is zero.
To clarify, if you're selling old junk from the garage or storage you aren't making a profit because you paid more for it than you got from selling it on eBay. I said that in the original post but I'm saying it again.
To clarify, if you're losing money selling on eBay, or selling Amway, or Tupperware and you expect to deduct those losses you must be engaged in business with the expectation of becoming profitable. That is what is meant in the AP article about "the intent of the seller".
I might add that deducting losses from selling Amway to your mother is a red flag to IRS.
So I'm having a cup of Frog Roast with a blueberry muffin while perusing the local rag that hadn't yet made me mad enough to toss across the room when I see this Associated Press article about eBay sales.
This Sunni chick (she wasn't Iraqi, that was her name, Sunni) was complaining that she can't get a straight answer from anyone about her little eBay side business that helps put milk on the table for Sunday dinner. She wants to know if her profits are taxable.
"You can't get an answer from anybody," Wojnarowsky said in an interview from her home in Brunswick, Ohio. "It would be nice to have a straightforward answer of yes, you file taxes, or no, you don't."
So I'm Horshack screaming with my arm in the air, well, DOUBLE DUH.
While AP spent 17 column inches kicking this thing around, TWC can tell you in a New York minute that anything you sell and make a profit on is taxable. If you went to public school in Louisiana, Californicate, or Hawaii you might not realize that. But, think about it for a minute. This is Uncle Sugar we're talking about. He wants your money.
But it gets worse, not only is your profit taxable (fed & state) but it's subject to social security taxes too, which for the self employed is right at 15% of your net after expenses. Even in low tax brackets a person could be facing taxes of 35% (fed & state income tax + social security) on that measly profit. Sort of takes some of the incentive out of it now doesn't it?
And you can dispense with that nonesense about hobby businesses because that's just someone's misunderstanding and misinterpretation of tax law.
RULE OF THUMB
If you made a profit selling something (anything), that profit is taxable.
That includes, cars, hobbies, Golden Retrievers, your husband (probably no profit there), houses, garage sale items, or the old washer.
BUT, the IRS doesn't worry about most of that stuff because it isn't likely that you sold the old GE washer for more than you paid for it.
NO. The losses are rarely deductible unless it is a bona fide business activity.
Well, at least for now eBay doesn't report sales activity to the IRS. That'll change.
Easter Sunday in So Cal, like New Years Day, dawns reliably gorgeous. This morning was no exception. TWC was out early and picked a bouquet whilst strolling through the garden. French Lavender and purple Freesias with their intense fragrance. Thought about adding the dainty pink flowers of Breath of Heaven but ended up opting for the purple look. Would have been nice to add some Iris, but there was none to be had.
I'll pause just a moment while you open your Bibles to John 2, verses 2-11. Thank you.
A short time before Passover that year there was a wedding that took place at Cana in Galilee. Jesus’ mother was there, and Jesus and his disciples had also been invited to the wedding.
When the wine was gone, Jesus’ mother said to him, “They have no more wine.”
Jesus politely said, "no es me trabajo". At this point his mother tapped her foot firmly a number of times and gave Him the "look". At once turning to the servants she told them to do whatever Jesus might ask of them.
Nearby stood six stone water jars, the kind used by the Jews for ceremonial washing, each holding from twenty to thirty gallons. Jesus said to the servants “Fill the jars with water”.
So they filled them to the brim. Then he told them, “Now draw some out and take it to the master of the banquet.” They did so, and the master of the banquet tasted the water that had been turned into wine. He did not realize where it had come from, though the servants who had drawn the water knew. Then he called the bridegroom aside and said,
“Everyone brings out the choice wine first and then the cheaper wine after the guests have had too much to drink; but you have saved the best till now.”
This, the first of his miraculous signs, Jesus performed at Cana in Galilee. He thus revealed his glory, and his disciples put their faith in him.
You've got about five days left to fess up for your past transgressions against the great State of Californicate.
This blanket amnesty program applies to income, sales, & use tax for year 2002 and earlier. However, don't get real excited because Governor Schwarzengroper and the Tax Boys aren't giving away the store by any stretch.
Amnesty buys you a waiver of penalties, nothing else. You still have to pay the tax. You still have to pay the interest. If you forgot to file a tax return you still have to file it, and pronto.
Then there's the thorny problem of information sharing. If you tell Ca that you owe additional tax they're going to share that tidbit with IRS and you're going to get hit with some serious penalties and interest from that angle as well.
It's your call boys and girls. Your conscience may be on fire but my advice to you is to carefully consider all the potential consequences and weigh them against the threat that Ca is going to hit you hard with increased penalties if they find out you stiffed them.
Just minutes after a federal judge denied a request to provide a starving, dehydrating Florida woman with food and water, Terri Schiavo's parents offered to trade their 41-year-old daughter for convicted double-murderer Scott Peterson.