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Tax Deductions Date: Sent Tuesday, April 11, 2006 Category: Taxes

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All the big corporations depreciate their possessions, and you can too, provided you use them for business purposes. For example, if you subscribe to the Wall Street Journal, a business-related newspaper, you can deduct the cost of your house, because, in the words of U.S. Supreme Court Chief Justice Warren Burger in a landmark 1979 tax decision: "Where else are you going to read the paper? Outside? What if it rains?"

-- Dave Barry, "Sweating Out Taxes"

Received from Daniel Galvin.