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Saturday, April 19, 2025 |
Tax Deductions      Date: Sent Tuesday, April 11, 2006 Category: Taxes | Rating: 1.92/5 (286 votes) Click a button to cast your vote
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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.
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