Quote:
Originally Posted by adult_text_links
Bravo Nicely Said!
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"Are you going to tell me that depositing personal checks into your credit card account -- to be applied towards paying your credit card is tax evasion too?"
Nicely said? Your personal check didn't increase in value did it? The increase in value of an asset is taxable at each transaction. In the US you can't realize a gain without accruing that gain and paying tax on it at year end.
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