My vacation was fantastic. It included such wild adventures as an 8 foot sand castle:
more kiteboarding:
40 scoops of ice cream:
and the two following conversations:
Mom: I don’t think babysitting earnings should be taxable.
UncleSteve: All income is taxable. Even that earned by selling illegal drugs.
mom: what?
UncleSteve: it’s true. In fact for hard drugs like heroin you can’t deduct Cost of goods sold, but with soft drugs like marijuana you can. So if you sell 500,000 dollars worth of Heroin for one million, you’re taxed on one million. But if you sell 500,000 dollars worth of marijuana for one million dollars, you can deduct the 500,000 you spent to purchase the drugs.
Dad: what about prostitution? can you deduct the girls wages?
UncleSteve: yes you can.
Dad: Do the girls lose value over time?
UncleSteve: Yes, I suppose you could say that the women depreciate in value as they age.
Conversation 2.
Old Man Schenk: what’s so great about Bo Bice?
mike d: I think it’s his ability to remain true to himself and not be bought out by american idol.
Jill: Theresa did you see when he sang a capella?
Theresa: YES!
Jill: did you die?
Theresa: I died.
Jill: I’m dead!
Theresa: I’m dead too!
Woo hoo! We were probably on the Cape at the same time (Thursday night? Friday? Saturday? Sunday?) I spent some quality time fraternizing with Martha in her Vineyard. My bike is kool.
Also I have answered MORE QUESTIONS! Maybe I’ve answered YOURS, gentle reader…
Sounds like you had a good time, buddy. I spent the weekend driving 600 miles round trip up to VT, then NH to hike Mansfield and Washington back to back on sat/sun. And washington was all in the rain. Hardcore!
Is UncleSteve suggesting that people actually report their earnings from such illicit business dealings?
I am back from mexico. Expect some interesting Pics in the near future.
Shaun. Yes! we were in the same general area over the weekend. That’s neat.
Tim, wow. that is hardcore. Props buddy.
Ted. UncleSteve is a financial guy. I don’t think he condones the sale of illegal drugs, but he was pointing out that if you do sell drugs, you might want to report them on your tax forms. Of course, this might land you in prison… but then again, so does tax fraud.
Al Capone, got busted. For all his might and mafioso power, 4 years for tax fraud did him in.
MikeD, your back! Awesome!
More Pictures!! I want more pictures!!