Kamm: What's your take on the bill offered by ID Sen Brent Hill allowing 'victims' of Ponzi schemes to deduct ALL their losses from ID State Taxes even averaging them over years so that every penny lost is deductible. I have sympathy for their financial problems but haven't they heard … “Buyer Beware”? “If it looks too good to be true, it probably is” and “Poor planning on your part doesn't create an emergency on my part”…? In this era of 'trimmed to the bones' state budget should all residents bear the loss of funds because of mistakes made by a few? Just wondering.
Question: Should victims of Ponzi schemes be able to write off all their losses?
D.F. (Dave) Oliveria joined The Spokesman-Review in 1984. He currently is a columnist and compiles the Huckleberries Online blog and writes about North Idaho in his Huckleberries column.
deduct ALL their losses from ID State Taxes even averaging them over years so that every penny lost is deductible. I have sympathy for their financial problems but haven't they heard … “Buyer Beware”? “If it looks too good to be true, it probably is” and “Poor planning on your part doesn't create an emergency on my part”…? In this era of 'trimmed to the bones' state budget should all residents bear the loss of funds because of mistakes made by a few? Just wondering.
