PBD Podcast The Home Team | PBD Podcast | EP 111
Dec 30, 2021
Dive into a lively conversation about the absurdities of IRS tax standards and quirky tax laws tied to stolen property. Explore the role of Big Tech employees and their experiences with cannabis as productivity influences. Hear humorous tales from parents involved in youth soccer and insights on navigating substance use and ambition. The speakers also tackle the competitive real estate market, tackle vaccine mandates, and discuss political polarization, all while keeping the discussion light-hearted and engaging!
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Report Stolen Property as Income
- The IRS requires reporting stolen property as income unless returned in the same year.
- This includes illegal activities like drug dealing and theft, according to Publication 17.
Criminals and Taxes
- Tom Ellsworth jokes that criminals will report stolen goods on their taxes, leading to FBI involvement.
- He questions the regulation's practicality and expresses disbelief about its inclusion in the tax code.
Marijuana and Creativity
- Adam Sosnick shares his experience with marijuana during his stand-up comedy days.
- He found it boosted creativity but decreased energy and stamina, hindering productivity.