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October 27, 2011


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Love it!

May I offer a codicil?

Since we taxpayers are providing a free public education (complete with individualized education plans, bilingual education, free meals,after school programs etc.) AND parent(s) are taking a tax deduction each year..... when Precious reaches the age of 22, we're going to recompute. Precious must then be productively employed ( a net tax payer, not an EITC scammer), or enrolled in an approved graduate program (hard science, math, manufacturing, agriculture are OK - Film, social nonsense, economics etc. are NOT). If Precious doesn't meet one of those two requirements, then we recapture the past tax deductions from the parent(s). Just like the recapture of depreciation, it'll be allowed or allowable.

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