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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 16

2006 Tax Reform

“I don’t make jokes. I just watch the government and report the facts.”

WILL ROGERS

We had two major tax acts that went into effect in 2006: the Tax Increase Prevention and Reconciliation Act of 2005 and the Pension Protection Act of 2006.

A  The Tax Increase Prevention and Reconciliation Act of 2005

Give these guys a calendar! It was signed into law on May 17, 2006, I guess Republicans really are conservative. They don’t change the year until June?!

Once again we have a new tax law. Let’s see what this one does!

The winners: Investors, because the 15 percent tax rate on capital gains and dividends remain in place through December 31, 2010. Also, starting in 2010, the current ceiling for Roth IRA conversions is ...

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