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Posted by Ernie Klein on April 29, 2008, 7:33 pm
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> Stuart Bronstein wrote:
> >
> >>> Can I deduct my $25 campaign contribution from my sole-proprietor
> >>> business? My guess is no, because it is not a business expense?
> >> Political contributions are not deductible period.
> >
> > But what it if's ordinary and necessary (say, like a bribe)?
>
> To be deductible, a business expense must be, as we all know,
> ordinary and necessary. BUT not all such expenses are deductible.
>
> Reminds me of a prospective franchisee up in Philadelphia we talked to
> one time. he asked us for a list of officials who would be needing
> payments in order to get his ice cream store up and running.
>
> He was from the Bronx, and I guess he figured they did things in
> Norristown just like they did them in Noo Yawk.
That reminds me of the time when the New York telephone company was in
deep doo-doo in the mid 60's. They were borrowing telephone technicians
and supervisors from all over the country. My supervisor from the SF
Bay Area went back there on loan for 6 months as a splicing foreman.
On his first day, he was given a job in a manhole in a mid Manhattan
street. He had his men setup the cones, signs, warning lights, etc.,
and was just getting started when a cop came over and told him to pack
up and get out. He protested, that the phone company had all of the
necessary permits but the cop said that if they were not out of the area
in 5 minutes they would be spending the night in jail -- they packed up
and left.
Back at the garage, when he told his story about getting chased off by
the cop, he was met with much laughter and "You didn't slip the cop his
$20 bill did you?" He kept a pocket full of folded $20 bills after
that and never had any more problems.
--
-Ernie-
--
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