Tuesday, July 21, 2009

Tax Class

Good Morning, Blog Friends!

Today's topics will be Federal Income Tax and Civil Procedure. We'll be starting with tax law since I know many of you, like me, avoided this class like the plague.

Wait, where are you all going? Don't the topics sound stimulating enough? C'mon - here we go, "Gross income is any accession to wealth, clearly realized, over which the taxpayer has complete dominion."

The Tax Code says that gross income includes "all income, from whatever source derived."

Wait! Come back! We haven't gotten to the good stuff, yet. You must report your illegal income, too! Congress wants its share of EVERYTHING and the Fifth Amendment privilege against self-incrimination will not shield you or your income from that prostitution ring or your highly profitable international drug smuggling operation.

All right. G'bye. I'll see you later. I'll just be here. Studying tax. Alone.


Casey said...

You are too funny. :) No wonder I love you. I've missed this sense of humor over the past four years and while I know it's stress induced - it IS kinda fun. :)

Dakota said...

Casey - thank you, honey.

"I'll be here all week! Remember to tip your server!"

blur_ said...

I'd trade you if I could - I almost went into tax in undergrad! It's not one of the NY subjects though sadly for me.

Dakota said...

Blur - damn! Wish you could. It's all new to me, so I am playing "how much is enough" to get me by just in case there is a tax question. I also did not take Corps/Partnerships/Agency law. Expect to read me whining about that on Thursday. :)

Hope studying is going well!

Colleen said...

Lady Gaga's "Just Dance" changed to "Just Tax" for the GOP: http://bit.ly/TvaIr

Its almost like studying

Dakota said...

Colleen - fun video. Nice seeing the UW campus. My partner and I used to live up near there.