February 06, 2008
Gotta love realtors deducting manicures, dry cleaning and trips to the beauty shop as business expenses. We already heard about the under-the-table bribes from builders, appraisers and mortgage brokers not being reported as income. And now this.
Too bad the US is no longer a nation of laws. Too bad millions feel free to cheat on their taxes while honest people pay the price. Too bad the IRS doesn't have the manpower to audit every realtor's tax return. Too bad we don't have a tax system that would make sure everyone pays (i.e. the Fair Tax).
Even though most realtors are pretty dumb, I've gotta believe they're smart enough to know that tax fraud is a crime. The only question is - will they get caught?