I am in no way an expert on this, but would not working be similar to a business loss. We're allowed to deduct the price of items stolen or damaged in an accident. So why shouldn't we be allowed to deduct wages as a loss item. But now the question is, how much can I deduct.?If I were?working for a company, and I make x number of dollars per hour, when I'm gone from my job, I don't get paid for those hours, and I would be allowed to deduct that no income from my state income tax. But how do you do that as a self employed piano tuner? Would you take your taxable income, and divide that by 365 days, 52 weeks, 12 months, or ??? . Or do you say that you are capable of tuning 6 pianos a day at $150 per tuning, even if you've only been tuning 3 pianos a day because of the economy?? I'm not against the proposed bill. I just want to know how it would work. Wim -----Original Message----- From: Garret Traylor <hpp at highpointpiano.com> To: 'Fenton Murray' <fmurray at cruzio.com>; pianotech at ptg.org Sent: Sun, 22 Feb 2009 2:15 pm Subject: Re: [pianotech] Off Topic: Call me Bill Fenton Asks: But, how can you deduct money you didn't make? I leave all the higher thinkin for them folks in the city.? I just come up whit the good idea and try to do my part.? PEACE Kindest Regards, Garret ? From: Fenton Murray [mailto:fmurray at cruzio.com] Sent: Sunday, February 22, 2009 10:46 AM To: hpp at highpointpiano.com; pianotech at ptg.org Subject: Re: [pianotech] Off Topic: Call me Bill ? Garret, So that's how our government works, as you say, pretty cool. Now, I would quickly become confused in any discussion regarding income tax and math in general, so take it easy on me. But, how can you deduct money you didn't make? I you didn't make it, you didn't claim it, and you didn't pay taxes on it. I mean, you could take the whole year off and make nothing, you'd pay nothing. It's like donating a tuning to a non-profit. You could charge them the $150, then donate it back, then deduct it, or, just give them the tuning and forget the paper work, nothing to deduct if you never made it in the first place. Anyway, not to take away from a fellow piano tech in the halls of justice. You have my vote. Fenton ----- Original Message ----- From: Garret Traylor To: pianotech at ptg.org Sent: Sunday, February 22, 2009 5:01 AM Subject: [pianotech] Off Topic: Call me Bill ? Hey this is pretty cool ... ? For the year 2009 I will serve as Foreman for our Federal Grand Jury (middle district for North Carolina); usually two to three days each month for the year.? Very quickly I realized that the compensation we receive as jurors along with the financial burden of 24 days or more out of work might somehow be compensated with some sort of tax relief.? So, I contacted our State Senator Jerry Tillman and my suggestion has become Senate Bill 95 and House Bill 132.? Senator Tillman said that I would get credit for?the idea?and that it should pass easily. ? See the brief details at: http://www.ncga.state.nc.us/gascripts/BillLookUp/BillLookUp.pl?Session=2009&BillID=H+132 ? Kindest Regards, Garret --- Garret Traylor - President High Point Piano & Music Inc. 88-PIANO (336) 887-4266 P Go Green! Print this email only when necessary. Thank you for helping High Point Music be environmentally responsible. ? -------------- next part -------------- An HTML attachment was scrubbed... URL: <http://ptg.org/pipermail/pianotech_ptg.org/attachments/20090222/1ddb4c56/attachment.html>
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