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Dealer convicted--identity theft and taxes
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<p>[QUOTE="Owle, post: 2662086, member: 22004"]If he had gross income of $400K in the year cited, with all expenses and deductions that could be small, any more than a day trader who does a gross of a million a year is going to owe much with the law of averages. So I have never understood that. Some years can be lucrative like 2009-2012 other years are the doldrums. But obviously the government wants to dramatize it as much as possible if they are sending someone to prison. The guy got cleaned out by crooks en route in FL: <a href="http://articles.orlandosentinel.com/2006-01-20/news/COINTHEFT20_1_coin-dealer-coin-show-silver-dollars" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://articles.orlandosentinel.com/2006-01-20/news/COINTHEFT20_1_coin-dealer-coin-show-silver-dollars" rel="nofollow">http://articles.orlandosentinel.com/2006-01-20/news/COINTHEFT20_1_coin-dealer-coin-show-silver-dollars</a></p><p><br /></p><p>Maybe he was trying to play catch up.[/QUOTE]</p><p><br /></p>
[QUOTE="Owle, post: 2662086, member: 22004"]If he had gross income of $400K in the year cited, with all expenses and deductions that could be small, any more than a day trader who does a gross of a million a year is going to owe much with the law of averages. So I have never understood that. Some years can be lucrative like 2009-2012 other years are the doldrums. But obviously the government wants to dramatize it as much as possible if they are sending someone to prison. The guy got cleaned out by crooks en route in FL: [url]http://articles.orlandosentinel.com/2006-01-20/news/COINTHEFT20_1_coin-dealer-coin-show-silver-dollars[/url] Maybe he was trying to play catch up.[/QUOTE]
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