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Taxes
#12
I know lots of people at my work signed up for this GLGI thing, pretty much a scam. BUT they are all getting HUGE returns this year. Basically works like you "donate" say $1000 to a church or charitable organization, then they "invest" the money say buy purchasing software in bulk on your behalf and give you this gift. You then I guess take that and donate it back to a second organization that gives you a tax reciept of fair market value for that donation of the gift. Typically you'd end up with tax reciepts up to 6000-11,000.

I know a scam when I see one and this sounds highly illegal, guys here have been screwing the tax system for the last few years with this.

For me, I use my rental property to write off allot of my home repair purchases, even appliances, and this typically gets me back 2000-4000.

DP: Not sure how much your making, but its looking like you A. make too much or B. pay too much. You drive a focus so I'm going to opt with B :D

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Messages In This Thread
Taxes - laidman - 03-03-2006, 03:18 PM
Taxes - Casper - 03-03-2006, 05:11 PM
Taxes - OAC_Sparky - 03-03-2006, 09:25 PM
Taxes - microbunny - 03-03-2006, 09:37 PM
Taxes - DD1 - 03-03-2006, 09:38 PM
Taxes - 2001 ZTS - 03-03-2006, 10:10 PM
Taxes - torradan - 03-03-2006, 10:33 PM
Taxes - Focused - 03-03-2006, 11:17 PM
Taxes - darkpuppet - 03-03-2006, 11:27 PM
Taxes - 2001 ZTS - 03-03-2006, 11:48 PM
Taxes - darkpuppet - 03-03-2006, 11:55 PM
Taxes - hardk0re - 03-04-2006, 12:08 AM
Taxes - meford4u - 03-04-2006, 12:14 AM
Taxes - euro_zx5 - 03-04-2006, 12:31 AM
Taxes - habmann - 03-04-2006, 01:13 AM
Taxes - NefCanuck - 03-04-2006, 01:23 AM
Taxes - paolo - 03-04-2006, 01:29 AM
Taxes - 2001 ZTS - 03-04-2006, 02:07 AM
Taxes - FociPhil - 03-04-2006, 02:41 AM
Taxes - Frost__2001 - 03-04-2006, 05:19 AM
Taxes - FociPhil - 03-04-2006, 05:25 AM
Taxes - NefCanuck - 03-04-2006, 05:57 AM

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