Saturday, April 14, 2007

Tax deductions...

Page A-4 in the IRS 2006 1040 Forms and Instructions book explaining deductions for gifts to charity reads:

"You can also deduct what you gave to organizations that work to prevent cruelty to children or animals. Certain whaling captains may be able to deduct expenses paid in 2006 for Native Alaskan subsistence bowhead whale hunting activities. See Pub. 526 for details."

This just goes to show how complex and absurd the tax structure has become.

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