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Path: utzoo!linus!security!genrad!grkermit!masscomp!kobold!tjt
From: tjt@kobold.UUCP (T.J.Teixeira)
Newsgroups: net.taxes
Subject: Re: tax avoidance vs tax evasion
Message-ID: <194@kobold.UUCP>
Date: Mon, 14-Nov-83 16:16:31 EST
Article-I.D.: kobold.194
Posted: Mon Nov 14 16:16:31 1983
Date-Received: Tue, 15-Nov-83 09:44:50 EST
References: <191@houxd.UUCP> <1000@cbscd5.UUCP>
Organization: Masscomp, Littleton, MA
Lines: 21

cbscd5!rlp suggests:
    [2] Try to incur deductible expenses NOW.  This includes
	things like:
	    [a] Interest charges (prepay some of next years
		loan payments)

If I prepay next years loan payments (car, house, whatever) it counts
as *principal*, not *interest*.  I believe that the interest must
always be a percentage of the unpaid balance on the loan.

What about late payment penalties?  Are these deductible if they are
any different from the interest on the interest?  Maybe the way to get
extra deductions from interest charges is to pay everything as *late*
as possible so as to get lots of interest charges :-) (I'd rather pay
the tax than the interest -- the tax is cheaper.  Besides, if you want
to just throw money away, their are lots of charities more deserving
than the banks).

-- 
	Tom Teixeira,  Massachusetts Computer Corporation.  Westford MA
	...!{harpo,decvax,ucbcad,tektronix}!masscomp!tjt   (617) 692-6200