Tuesday, April 10, 2007

Condoms can be tax write-offs for hookers

Everyone knows items like tickets to overpriced charity fundraisers can be listed as deductions on your tax form. But depending on your profession, condoms and racehorses can also be added to the list. Following are some less likely write-offs:

SEXY SUPPLIES — Women and men who make their living through the world’s oldest profession can claim their income as independent business operators. That means items that are necessary to operate that business, such as condoms, can be listed as supplies. If a person is an exotic dancer, costumes could also be considered a necessary expense for the job, says Cleo Hamel, senior tax analyst with H&R Block Inc. in Calgary.

Your tax-dollars at work!.

Why are we paying for condoms?

H/T Reid at Small Dead Animals.

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