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Simple English definitions for legal terms

below-the-line

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A quick definition of below-the-line:

Below-the-line refers to deductions that are taken after calculating adjusted gross income but before calculating taxable income. These deductions include expenses such as medical payments and local taxes. This is different from above-the-line deductions which are taken before calculating adjusted gross income.

A more thorough explanation:

Definition: Below-the-line refers to deductions that are taken after calculating adjusted gross income and before calculating taxable income. These deductions are subtracted from your income to reduce the amount of taxes you owe.

Examples: Some examples of below-the-line deductions include medical expenses, local taxes, and charitable contributions. For instance, if you paid $5,000 in medical bills during the year and your adjusted gross income is $50,000, you can deduct the $5,000 from your income to arrive at your taxable income of $45,000. This means you will owe less in taxes.

Explanation: Below-the-line deductions are subtracted from your income after you have calculated your adjusted gross income. This means that they are taken into account after you have already deducted certain expenses such as retirement contributions and health insurance premiums. These deductions can help reduce your taxable income and lower the amount of taxes you owe to the government.

below-market loan | Ben Avon Doctrine

General

General chat about the legal profession.

General >T14 Off Topic

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BulbasaurNoLikeCardio

10:54

@jackfrost11770: I have my undergrad in Intelligence and Terrorism and worked a good bit in the IC so I can answer some broad questions but not many direct because the nature of the field. If you want to go to law school and get your JD it really depends what intel work you would want to do and where you want to live.

jackfrost11770

10:56

thank you!! yeah i also know they always need STEM grads ofc, so i know i have that going for me as well

m10

10:58

Fuck now that Gary Gensler is resigning, this is like a dream job for me. Would love to do securities: https://www.usajobs.gov/job/819640900

m10

10:58

Best job on the wbesite rn.

BulbasaurNoLikeCardio

11:00

If you do it from the attorney side you will be skirting the left and right limits of laws like the NDAA to conduct domestic espionage or how to kidnap or spy on people in foreign countries without committing war/international crimes. JAG would be very very general and location based. At one unit you can be the personal attorney to a commander not even having your own office or desk, next one you can be leading the prosecution of terrorist and rapist and the next one be the legal OK for drone striking people. It is a very varied job you have little control over.

Dkk

11:01

Lmfao, so true.

BulbasaurNoLikeCardio

11:02

The last jag I worked with had a folding picnic table as his desk and had to bring his office chair home every night because people would steal it and he hated using a bucket as a seat. All he did was keep commanders from being fired cause they kept doing illegal shit. It is a varied journey.

Dkk

11:04

This is so true. I still have my folding table. I put alcohol on it now and it is my home bar.

EvolBunny

11:04

How do you recommend grooming a child so they become a sf operator?

EvolBunny

11:05

Asking for my future child who will get boot camp from birth

Dkk

11:05

Make em read books and hope they go that route.

LSDFan

11:05

give them a TBI as soon as possible

Dkk

11:06

LMFAO

EvolBunny

11:06

@Dkk: "im the man of the house now i am buying a gun:

babycat

11:06

For one I would try not asking questions that start with “How do you recommend grooming a child?”

EvolBunny

11:06

lol people just have bad connotations with it, is it grooming to have your kid play hockey with you and watch games so they want to play when they turn 6?

Dkk

11:06

@EvolBunny: Maybe, maybe but I think the TBI is better advice.

EvolBunny

11:07

yes, is it bad?

jackfrost11770

11:07

gtown baby talk to me .... i know ppl on reddit are mad at u rn maybe like give some As so ppl chill out (mad for valid reason)

Dkk

11:07

From google "TBI stands for traumatic brain injury, which is an injury to the brain caused by an external force"

LSDFan

11:07

all SF operators have TBI's

Mostlylegal

11:07

@shaquilleoatmeal: what do you mean by invite, interview invite?

EvolBunny

11:07

all serial killers drank milk as childs

Mostlylegal

11:08

children*

EvolBunny

11:08

whoore*

BulbasaurNoLikeCardio

11:08

@LSDFan: They call it operator syndrome now at the VA

LSDFan

11:09

lol

EvolBunny

11:09

I thought it was door kicker syndrome from all the breaching

Dkk

11:09

Ahh childhood, what a sweet sexual time of discovery. Takes me back.

Dkk

11:09

https://www.reddit.com/r/americandad/comments/wtr1sq/ah_childhood_such_a_sweet_sexual_time_s13e03/

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