pb4uski
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Looking to get a sense of the community as to which of these popular financial planning strategies are unethical in your opinion.
Last edited:
Maybe you should have added "Taking a child dependent deduction when a single person is unable to do it"
I am more concerned with continually paying to support other peoples children than someone maximizing the tax code to avoid taxes.
It is called governmental social engineering. They have the child tax credit, so people will have an incentive to have children and increase the population.
Mods... how do I add a choice for "None of the above"?
It is called governmental social engineering. They have the child tax credit, so people will have an incentive to have children and increase the population.
Do you really think people would have fewer children if the child tax credit disappeared? I don't.
Mods... how do I add a choice for "None of the above"?
If I am not mistaken, to receive unemployment you have to state you are actively seeking work. If so, this is the only unethical item in the list since you have to lie to obtain this item. The others are simply tax or benefit programs. And, as long as you follow the established rules, none are unethical. Maybe they are poorly designed with loopholes but not unethical.
Taking unemployment with no intent to seek work is legal? I thought seeking work was a requirement in all states.The law happens to be very specific about these being legal. The ethics were supposed to be determined by consensus prior to them becoming law. Therefore to the extent they are legal they are ethical.
If I am not mistaken, to receive unemployment you have to state you are actively seeking work. If so, this is the only unethical item in the list since you have to lie to obtain this item. The others are simply tax or benefit programs. And, as long as you follow the established rules, none are unethical. Maybe they are poorly designed with loopholes but not unethical.
Edited to add: IOW, if we follow the rules when we pay taxes, we should be allowed to follow the rules to avoid taxes or receive benefits.
If I was looking for work, and all of my 'work' options were not as much fun as not working so I declined them, isn't that still looking for work?
Yes I voted for it because I concluded that all the others are income management choices which are not unethical.The poll states "no intention of returning to work". Georgia law (as an example) states, "must be actively seeking employment". I can't make those two statements reconcile but others might be able to. My main point was that I did not see this conflict in the other items listed in the poll.
Edited to add: And, it depends on what the definition of "is" is.
.... The law happens to be very specific about these being legal. The ethics were supposed to be determined by consensus prior to them becoming law. Therefore to the extent they are legal they are ethical. ....
Taking unemployment with no intent to seek work is legal? I thought seeking work was a requirement in all states.
I was surprised to see that structuring assets to qualify for Medicaid gets a lot of negative response. I thought that was one that Medicaid Services suggests (spend down and you will qualify). They have a five year look-back to make sure you haven't transferred assets.
Edit: I only just now saw the irrevocable living trust thread so I understand the antipathy to Medicaid restructuring.
This is a very interesting and thought provoking poll. Along with a "None of the above", an "All of the above" Also could be an option.
Also, what is considered ethical or moral by one person may be considered not by another.
Kind of like plaiying to win all all costs vs how you play the game. Thought provoking!