The Born Loser by Art and Chip Sansom for May 03, 2014
May 02, 2014
May 04, 2014
Transcript:
Wilberforce: When we put a tooth under the pillow and the Tooth Fairy takes it and leaves a buck... Wilberforce: Isn't that like we sold our tooth to the tooth fairy? Hurricane Hattie O'Hara: Kind of, I guess. Wilberforce: Then will we have to pay income taxes on that cash?
oldpine52 over 10 years ago
Don’t give Washington any ideas.
ladykat over 10 years ago
Oh, good grief…
Jeff0811 over 10 years ago
I suppose you would if you had 6,000 teeth. Income in USA less than $6,000.00 per yr is not taxed. (My kids faced that last year, paid taxes for the first time this year.)
Charlie Fogwhistle over 10 years ago
If figuring the profit on the tooth, don’t forget to deduct all the costs of production – the food eaten, dental care, etc. I think we could show a loss pretty easily. But I wouldn’t advise trying to deduct the loss on your 1040, unless you like IRS attention. ;-)