Write Off Your Ponzi Scheme Losses! | Buzz Blog

Thursday, July 2, 2009

Write Off Your Ponzi Scheme Losses!

Posted By on July 2, 2009, 4:29 PM

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This should be a bonanza in Utah: The IRS will let people write off their Ponzi-scheme losses.

What are all those tax protesters worried about now? Considering Ponzi schemes are Utah's biggest export, looks like our state tax liability just fell into the negative range.

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