IRS Considers Making Gulf Coast Victims Pay Taxes On Claims!!!!

Discussion in 'Politics' started by USArmyRetired, Jun 23, 2010.

  1. USArmyRetired
    Offline

    USArmyRetired BANNED

    Joined:
    May 29, 2010
    Messages:
    2,601
    Thanks Received:
    345
    Trophy Points:
    0
    Ratings:
    +346
    Well isn't this cotton pickin suprising? The poor folks down on the coast can't catch a break at all and I feel that this is wrong for the IRS to do. These people need all the money they can get and they should wave the taxes for them. These people who are shrimplers, crabbers, fishermen, charter fleets need all the capital they can get in order to survive this mishap so they can feed their families and maintain their quality of life which has been hampered by the Obama Administrations interference. I hope they reconsider and refuse to tax the victims.


    FOXNews.com - IRS May Tax Payments to Gulf Coast Victims

    NEW ORLEANS — Out-of-work Gulf Coast shrimper Todd Pellegal spent his first $2,500 check from BP quickly, paying off bills and buying groceries for his family.

    He never even considered putting some of it away for taxes.

    Now he's among the people up and down the Gulf Coast reeling from the oil spill disaster who are surprised — and frustrated — to find out the Internal Revenue Service may take a chunk of the payments BP PLC is providing to help them stay afloat.

    Many were already angry about how long the oil giant took to cut the checks. So when they got the money — generally about a few thousand dollars each so far — they spent it fast.

    "If they're going to pay you a lump sum, like for a year, then bam, take the taxes out of the check," said Pellegal, of Boothville, La. "But a little bit at a time, they shouldn't."
     
  2. LuckyDan
    Offline

    LuckyDan Sublime

    Joined:
    Dec 16, 2009
    Messages:
    2,327
    Thanks Received:
    607
    Trophy Points:
    48
    Location:
    The mountains of North Central Texas
    Ratings:
    +609
    The financial loss to the shrimpers and others is the after-tax loss. Insurers would consider the amount that would have been paid in taxes and reduce the claim payment by that amount.

    That means the IRS also suffered a loss because no income was earned to tax.

    Hmmm. Are injury claims next? I mean with the federal government re-inventing the insurance industry...
     
  3. ConHog
    Offline

    ConHog BANNED

    Joined:
    Jun 4, 2010
    Messages:
    14,538
    Thanks Received:
    897
    Trophy Points:
    0
    Ratings:
    +897
  4. LuckyDan
    Offline

    LuckyDan Sublime

    Joined:
    Dec 16, 2009
    Messages:
    2,327
    Thanks Received:
    607
    Trophy Points:
    48
    Location:
    The mountains of North Central Texas
    Ratings:
    +609
    I am a child of seven hours ago. Seven hours ago rocked.
     
  5. del
    Offline

    del BANNED

    Joined:
    Sep 3, 2008
    Messages:
    45,052
    Thanks Received:
    9,830
    Trophy Points:
    0
    Ratings:
    +9,885
    if you can remember seven hours ago, you weren't really there, man.

    :eusa_eh:
     
    • Thank You! Thank You! x 1
  6. fyrenza
    Offline

    fyrenza Ariel Looney Supporting Member

    Joined:
    May 22, 2010
    Messages:
    2,086
    Thanks Received:
    377
    Trophy Points:
    98
    Location:
    south Texas
    Ratings:
    +378
    AND,

    With NO LAW to back these sorry assed mofo's

    they're ALSO STEALING our tax refunds.

    WHO amongst us owes for Student Loans that will NEVER be repaid???

    THAT's part of the Big Scheme, folks.

    We're ASSETS to them 'cuz we OWE.

    I can't work anymore. Long, sad story, which we've ALL heard,

    BUT,

    these jokers think I'm an ASSET to them.

    They ADD interest to what I originally owed, and it's to the point that the fucking INTEREST amounts to MORE than I borrowed,

    and they call THAT an ASSet.

    Yeah.

    They're dumb ASSes.
     
    Last edited: Jun 23, 2010
  7. Care4all
    Offline

    Care4all Warrior Princess Supporting Member

    Joined:
    Mar 24, 2007
    Messages:
    32,767
    Thanks Received:
    6,622
    Trophy Points:
    1,170
    Location:
    Maine
    Ratings:
    +11,093
    a few years ago, when my husband was downsized we had to pay taxes on unemployment insurance payments he received....it really stunk to high heaven...

    if this is money to replace income earned then i am not certain irs taxes can be avoided.....???
     
  8. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,617
    What a terrible idea.
     
  9. Ravi
    Offline

    Ravi Diamond Member

    Joined:
    Feb 27, 2008
    Messages:
    81,332
    Thanks Received:
    12,695
    Trophy Points:
    2,205
    Location:
    Hating Hatters
    Ratings:
    +29,779
    I think that is what it is...if they were earning income, they'd be taxed. The relief checks are a replacement for earned income and therefore taxed.

    The IRS doesn't care where you get your income from.
     
  10. Gatekeeper
    Offline

    Gatekeeper Senior Member

    Joined:
    Nov 11, 2009
    Messages:
    2,004
    Thanks Received:
    350
    Trophy Points:
    48
    Location:
    New Jersey
    Ratings:
    +350
    Well, the I.R.S. may have suffered a 'loss', but the I.R.S. will continue to survive with their massive infrastructure and with all the comforts of home.

    Those poor people in the effected areas should, at the least, not have to pay any taxes for the financial aid, grants or anything else. I would think that someone somewhere could suspend the tax rules for situations such as this, or at the very least lower those taxes to some significantly small percentage. Lifetimes of dreams built by years of backbreaking work in most cases, went up in oil fumes. Many will lose it all, I wouldn't wish any of this on anyone of us in America, much less tax them while they were down for the count.
     

Share This Page