My main point was not the tax issue but that I considered my music and its reproduction a lifestyle and not a hobby. I have started to post this before but did not. The tax issue and conversation that followed just brought it back to mind. I did consider starting a thread about the fact that we as Americans work from 1/1 to about 5/20 just to pay our tax burden for the year. This includes Fed, State, property, sales etc, but that is very close to 50%. The Revolutionary War was fought over far less.
Hobby or Lifestyle?
This thought reemerged again last night after going to my tax accountant. Upon being told the obscene amount of $ that the govt. is going to releive me of my wife said I should find another hobby which is work related (and thus deductable). This triggered a thought. In the past I've seen many posts about this "hobby" and it has always seemed odd to me to call it a hobby. I've never thought of this as a hobby. I started buying records at about the age of 9-10 (1960-61). I had a cheap "record player" back then and since that time I can never remember a day without a way to play my music or many days that I didn't play some music. My systems got better through the years and I now have the best system that I have ever owned. In my younger nomadic days, I can remember moving with only my clothes, drums and stereo. And if I had to move today and could only take three items, the list would be the same. To me "stereo" is not a luxury item. It is as necessary as any appliance in the house. It's not a hobby but a lifestyle. Anyone else feel this way?