Halfbakery: Goldmine
Tax Deductable HB   (-1)  [vote for, against]
Chachinggg

I am certain that many wealthy inventors, bored with administering their lucrative startups, while away their hours lurking at the HB. Perhaps they would want to contribute money? There are probably even some nonmillionaires who feel they get enjoyment from the HB comparable to - say - public radio.

I propose the HB be made a tax deductable charity.
-- bungston, Jun 21 2003

deductible
-- thumbwax, Jun 22 2003


//Oxford English Dictionary: deductible Also deductable. [f. L. deduct- (see prec.) + -BLE.]

A. adj. Capable of being deducted; spec. that can be deducted from one's tax or from one's taxable income.//

Being somewhat of a spelling prig myself, I was pleased as can be to find this. Ok, maybe not pleased as can be, but pleased.
-- bungston, Jun 22 2003


That's interesting. Mirriam-Webster disagrees, as does dictionary.com... though Cambridge "allows" it. Excellent deductaon & ya learn something gnu every day.
-- thumbwax, Jun 22 2003


Quack Quack!
-- gnomethang, Jun 22 2003


Argh. The whole duck thing hits me right where I live. And 2 unexplained bones for gravy.
-- bungston, Jun 22 2003


I like this idea! The money retreived by this could go straight to a "BAKE" fund, where the best bakeable ideas could REALLY be done and commercialized. It could be the beginning of the HB as an enterprise.
-- Pericles, Jun 22 2003


/mind.
-- thumbwax, Jun 23 2003


Well, I'd buy copper coated tires and flocking road cones.
-- bristolz, Jun 23 2003


Theres a big difference between a charity and taking a corporation public. Public corporations have all those nosy board inspector types [jutta] frets about. Charities are things like the Crystal Cathedral and the Disabled American Veterans, where the leaders use money to buy fancy cars, finance junkets to nice places, gamble furiously etc. Figuring out what charities do with their money is a big problem - look at all the ruckus about these moslem charities and terrorists. There's often no formal oversight. But if you don't care what they do with it, there's no problem at all.
-- bungston, Jun 23 2003


I'm with [Bris]. Plus, people can be hired to do the tough work. AFter all, there's the fund, remember? I don't know. I think it could work. But that's just me...
-- Pericles, Jun 23 2003


No, no! No (new) tough work! No product! No changes at all. Exactly as is. But tax deductible and deductable contributions.
-- bungston, Jun 23 2003


Speaking as a tax payer I'd have to say no. Even if it was a bakeable idea.

"Everyone has to pay taxes. Even businessmen who lie and cheat and steal from people every day. Even they have to pay taxes." (quote from It's a Mad, Mad, Mad, Mad World).
-- DrBob, Jun 24 2003



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