O'Reilly logo

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

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER 7

“Below the Line” Deductions

“I am proud to be paying taxes in the United States. The only thing is—I could be just as proud for half the money.”

ARTHUR GODFREY

“About 510,000 taxpayers who claimed tax standard deductions on their 1998 income tax returns would have saved an average $610 by itemizing their deductions.”

General Accounting Office April 13, 2001

“About 948,000 taxpayers in the year 1998 failed to itemize their deductions, even though they qualified to do so, resulting in a $473 million overpayment in taxes.”

General Accounting Office April 11, 2002

“Our tax system is complicated and unfair, and it must be eliminated.”

RICHARD K. ARMEY (R-Tex.) Former Majority Leader of the House of Representatives andBILL ARCHER (R-Tex.) ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required