REDUCING INCOME TAXES FOR LOWER WAGE EARNERS???

Statistics for tax year 2007 have just been released.
The numbers show that the bottom 50% of all
income-earners paid only 2.9% of all taxes paid.
That begs the question: How much further
can you actually reduce a mere 2.9%?

The top 5% (no, not 50% -- just 5%!) of all income
earners paid-in 60.6% of all taxes.
That begs the question: Just how much more
can we "soak the rich" without totally taking away
any incentive to get rich?

WHEN WILL TAX HIKES KICK IN?

Since details are still being actively debated in Congress,
and since any decisions made there will no-doubt be highly controversial,
don't expect to feel any impact until 2011, at the earliest.

IS JET BLUE'S DEAL TAX DEDUCTIBLE?

As you probably know, JetBlue is now
offering an "unlimited, fly-all-you-want
between 9/8 and 10/8 deal for $599.

Want to visit friends and family and have
the air fare 100% tax deductible?

It's possible. Here's how...

IF you have business trips scheduled, or
to-be-scheduled, between 9/8 and 10/8
and IF you could travel by JetBlue,
and IF the normal cost would be greater
than the $599 30-day JetBlue fare, you
could buy the 30-day deal for getting
to/from your business meetings, and, of
course the cost would be tax-deductible.

Since that "unlimited travel" deal covers all
the JetBlue travel you wish to do between
9/8 and 10/8, any additional use, for flying
anywhere, visiting anyone, could be done
on the same tax-deductible ticket.

Rationale: (a) The $599 ticket was purchased
for business travel, (b) traveling to the same
cities, on the same dates, for the same
meetings using any other airline, would have
cost the same or more, so (c) any use of the
same 30-day pass for any other reason would
have no effect on the cost of the business ticket.

OFFICIAL IRS AUDIT TECHNIQUES GUIDE

How would you like to take a peek at the
OFFICIAL IRS AUDIT TECHNIQUES GUIDE --
the actual written guide IRS gives its own auditors
to prepare them to audit taxpayers in Direct Sales!

IT IS A FREE DOWNLOAD ON MY WEBSITE.
HERE'S HOW YOU FIND IT...
www.HomeBusinessTaxSavings.com
> Resource Center
> IRS Forms and Publications
> Audit Techniques Guide for IRS Auditors
> Direct Sales and MLM Industry

It is an 18 page document. See especially pages 12-16.

SUGGESTION: Instead of forwarding the "Audit Techniques Guide"
to your friends, (which you could do if you wish) send them via your
Affiliate link to download it. While they're at my site for the free download,
if they make a purchase,you earn an affiliate commission!

I hope you found that reply to be helpful and informative.
BTW, if you are not yet an Affiliate, visit my web site
www.HomeBusinessTaxSavings.com and then click on
the words "Referral Rewards" atthe BOTTOM of the page.

What qualifies as a "LEGITIMATE BUSINESS," as opposed to an "Income Producing Hobby" or an "Income Producing Activity"?

THAT is the Key Question.

The answer?

The IRS'S OWN DEFINITION is spelled out in Ch. 2
of "Home Business Tax Savings Made Easy!" on
pages 43-46. If you follow the guidance in that chapter,
you should have bullet-proof tax returns.

CONSIDER THIS:

A person who does NOT have a legitimate home-based
business (HBB), should not be claiming home-business
tax-deductions anyway.

A person who DOES have a legitimate home-based
business, shouldn't worry about the IRS possibly looking
for hobbyists who are pretending to have a real business.