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Tax Day is OVER for most now! Did you find any ODD new tax breaks???

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Up2Late Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-18-06 10:55 AM
Original message
Tax Day is OVER for most now! Did you find any ODD new tax breaks???
I did! Here in Georgia, you now can get a tax break for hiring "Certified Minority SubContractors!!!!"

Let me repeat that,

Certified Minority SubContractors!!!!



What does it take to become a Certified Minority in the State of Georgia? :banghead::mad:

My Turbo Tax program even gave me a phone number to call "The Commissioner of Department of Administration Services" who maintains a list of Certified Minority Contractors at (404) 656-6315

This might not be such a big deal, if our Diebold selected State Legislature hadn't just passed (and our Diebold selected Governor just signed) on of the first and MOST punitive new laws that targets Illegal Immigrants. <http://go.reuters.com/newsArticle.jhtml?type=topNews&storyID=11868227&src=rss/topNews>

Plus, Georgia has a LONG history of institutionalize Racism, thanks to the guys like those now running our State Government.

By the way, this new law is going to KILL the Georgia Housing Construction boom.
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unblock Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-18-06 11:01 AM
Response to Original message
1. this is a favorite construction / contractor scam
set up a company with a minority as the owner.
find a willing minority to own whatever the minimum requirements is, and pay him a fee.
maybe he works, maybe he doesn't.

the contractor hires the "minority owned subcontractor" which in turn contracts the work back to the main contractor, or to a non-minority owned subcontractor.

you get the tax break minus the share for the one minority owner.

of course, this is fraud, and the only reason i know about this is because people do get caught doing it. but i'd bet it happens a lot more completely undetected.
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Up2Late Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-18-06 12:56 PM
Response to Original message
2. kick n/t
:kick:
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