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Date: Tue, 07 Aug 2012 17:24:40 -0400
From: Sancho Panza <otterpo...@xhotmail.com>
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Subject: Re: LIRR and Metro North extend ticket validity
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On 8/7/2012 3:50 PM, Peter T. Daniels wrote:
> On Aug 7, 3:07 pm, Stephen Sprunk <step...@sprunk.org> wrote:
>> On 07-Aug-12 11:40, Peter T. Daniels wrote:
>>
>>
>>
>>
>>
>>> On Aug 7, 11:40 am, Stephen Sprunk <step...@sprunk.org> wrote:
>>>> On 07-Aug-12 01:47, Miles Bader wrote:
>>>>> Stephen Sprunk <step...@sprunk.org> writes:
>>>>>> If he hadn't filed at all, the IRS would be all over him.  That's the
>>>>>> sort of thing that their systems automatically flag.
>>
>>>>>> What the IRS is "lackadaisical" about, i.e. lacks funding to do, is
>>>>>> audit people to find out if their suspicious returns are truthful.
>>
>>>>> The IRS doesn't really care so much about non-filers, as long as they
>>>>> have reason to believe they don't actually owe any taxes (source: my
>>>>> Mom, who was at first a revenue officer, and then a legal advisor for
>>>>> the IRS).
>>
>>>> ... except that Romney was almost certainly named on 1099 and W-2 forms
>>
>>> Where was he salaried?
>>
>> Bain Capital?  The State of Massachusetts?  The US Olympic Committee?
>
> So for 4 years he got a W-2 from Massachusetts. Are CEOs salaried in
> the sense that yields a W-2?
>
> Are you now suggesting that he took money for running the Olympics
> ("in the middle of nowhere," according to the Prime Minister of the
> United Kingdom)?
>
>> I don't know exactly, since I'm not as obsessed with the Republicans as
>> you are.  However, I find it doubtful that during all the years in
>> question he went without any sort of compensation that would show up on
>> a W-2 form.  Even if he did manage that somehow, there is certainly no
>> way he went an entire year without any sort of income that would show up
>> on a 1099 form.
>
> I did not question the existence of 1099s. 1099s are used for
> everything _except_ salaries.
>

Deferred compensation is a commonplace, valid and perfectly legal technique.