Friday, April 10, 2009

Friday's Funnies - Tax time

Tax Season
· Have you done your taxes yet, or are you waiting for a cabinet appointment?

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Tax Forms, Long vs Short

The difference between the short tax form and long tax form is simple.

If you use the short form, the government gets your money.

If you use the long form, the accountant gets your money.

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All the big corporations depreciate their possessions, and you can too, provided you use them for business purposes.

For example, if you subscribe to the Wall Street Journal, a business-related newspaper, you can deduct the cost of your house, because, in the words of U.S. Supreme Court Chief Justice Warren Burger in a landmark 1979 tax
decision: "Where else are you going to read the paper? Outside? What if it rains?" -- Dave Barry, "Sweating Out Taxes"

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Tax his cow, tax his goat;
Tax his pants, tax his coat.
Tax his crop, tax his work;
Tax his ties, tax his shirt.
Tax his chew, tax his smoke;
Teach him taxing is no joke.
Tax his tractor, tax his mule;
Tell him, "Taxing is the rule."
Tax his oil, tax his gas;
Tax his notes, tax his cash.
Tax him good and let him know
That after taxes, he has no dough.
If he hollers, tax him more;
Tax him 'til he's good and sore.
Tax his coffin, tax his grave,
Tax the sod 'neath which he's laid.
Put these words upon his tomb:
"Taxes drove him to his doom."
After he's gone, we won't relax;
We'll still collect inheritance tax.

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Actual 'Letter to the Editor' from the February 5th edition of the Wichita Falls, Texas Times Record News...

Dear IRS,

I am sorry to inform you that I will not be able to pay taxes owed April 15, but all is not lost.

I have paid these taxes: accounts receivable tax, building permit tax, CDL tax, cigarette tax, corporate income tax, dog license tax, federal income tax, unemployment tax, gasoline tax, hunting license tax, fishing license tax, waterfowl stamp tax, inheritance tax, inventory tax, luxury tax, Medicare tax, city, school and county property tax (up 33 percent last 4 years), real estate tax, social security tax, road usage tax, toll road tax, state and city sales tax, recreational vehicle tax, state franchise tax, state unemployment tax, telephone federal excise tax, telephone federal state and local surcharge tax, telephone minimum usage surcharge tax, telephone state and local tax, utility tax, vehicle license registration tax, capital gains tax, lease severance tax, oil and gas assessment tax, Colorado property tax, Texas, Colorado, Wyoming, Oklahoma and New Mexico sales tax, and many more that I can't recall but I have run out of space and money.

When you do not receive my check April 15, just know that it is an honest mistake. Please treat me the same way you treated Congressmen Charles Rangle, Chris Dodd, Barney Frank and ex-Congressman Tom Daschle and, of course, your boss Timothy Geithner. No penalties and no interest.

P.S. I will make at least a partial payment as soon as I get my stimulus
check.

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A businessman on his deathbed called his friend and said, "Bill, I want you to promise me that when I die, you will have my remains cremated."

"And what," his friend asked, "do you want me to do with your ashes?"

The businessman said, "Just put them in an envelope and mail them to the Internal Revenue Service. Write on the envelope, 'Now, you have everything.'"

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The owner of a small deli was being questioned by the IRS about his tax return. He had reported a net profit of $80,000 for the year.

"Why don't you people leave me alone?" the deli owner said.
"I work like a dog, everyone in my family helps out, and the place is closed only three days a year. And you want to know how I made $80,000?"

"It's not your income that bothers us," the agent said.
"It's these deductions. You listed six trips to Bermuda for you and your wife."

"Oh, that," the owner said, smiling. "I forgot to tell you - we also deliver."

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