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How to Pay Zero Taxes, 2018: Your Guide to Every Tax Break the IRS Allows, 35th Edition by Jeff A. Schnepper

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CHAPTER 5

Credits—Dollar-for-Dollar Tax Reductions

“Taxing is an easy business.”

EDMUND BURKE Thoughts on the Cause of the Present Discontent 1770

“It will be of little avail to the people that the laws are made by men of their own choice if the laws be so voluminous that they cannot be read, or so incoherent that they cannot be understood.”

The Federalist Papers

“Thousands of pages of pet rocks that have nothing to do with the national interest.”

Former SENATOR SAM NUNN of Georgia on the tax code

A credit is a dollar-for-dollar reduction in your tax; it is the best kind of expense to have. If you are in the 28 percent tax bracket, a deduction of $100 saves you $28.00 in tax, but a credit of $100 saves you $100 in tax. A credit, therefore, ...

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