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- Embed this noticeTo be fair the tax code is one giant loophole for business owners and rich people.
Like it is hilarious how easy it is.
I drive like 40K miles per year (travel for work) and the US tax code allows for .67 cents per mile of write offs. So, each year I write off the first $26,800 I make and then because I'm a business owner and am subject to marginal tax rates, I don't pay anything until I cross 12000 in declared income.
Long story short, my tax rate up to around 40K is 0 lol