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Reply to "Why extreme couponing is wasteful and GREEDY. "
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[quote=Anonymous]Just as an FYI here's some info: While using coupons to buy something doesn't create taxable income, there can be tax consequences depending on what is done with the merchandise. Those who resell items for more than they purchased have taxable gain (& they likely aren't reporting it, so your state tax department or the IRS might be interested in an anonymous tip). Those who donate their purchases can only deduct the amount paid for the item (fair market value for items donated, must be reduced by the amount of gain you'd have to report if you sold the item for that price). Signed, Your friendly tax auditor[/quote]
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