Hey someone, why should i pay 25% federal taxes after breaking my back everyday building bridges & highways so you can get to work and facebook who payed zero taxes this year and made billions in proft gets a bye . your a fool  and probley a 1%er who also beats the IRS.

thank your legislators in congress.  trust me they look to find ways not to pay. ask coporations why they don't pay their taxes and have offshore accounts. so if there are supposely deductions to take ------I say go for it. One year I missed a 2.50 cents bank interest  on my form. the irs didn't care they bounced me for a tax penalty. we have 3 yrs to amend your forms, but they don't tell that to you. You have to fight back.

A flat tax in America is definately the answer. a 10% tax on everything: ie, food, gas, wages, loans,child support...everything​. We then can do away with Tax Return Companies, I.R.S. and all government tax collection agencies. This will close all the loopholes for everyone. Everyone's taxes would be paid with every purchase made during the year. The April 15th tax deadline would be just another day in the U.S.A. This would also make it easy to find tax evaders...if their social security number didn't show some type of purchases during the tax year, they had better be dead or out of the country. The government didn't get together and create new mouths to feed, men and woman did that, and they are liable for that bill . If you can't afford to feed 'em, adopt them out; our taxes would be better spent protecting our own borders here at home. Let's stop giving money to people that hate us; bring our soldiers home and give everyone work building rock walls like the government did back in the1930's. And if the Big Oil Companies can't get their crap together, let's go 100 mph towards creating highly efficient electric cars and let the oil companies bathe their colons in the products we won't need anymore. WAKE UP PEOPLE

I actually have heard of a few of these tax breaks.
Also, its no wonder people don't know about most of them. The tax codes are long and lengthy. Time is money and who wants to sit around trying to find every deduction which would take a long time. Easier to skip it and move on.

#11 is not true.  Read publication 526, you either take the cost of the stock as your deduction or the higher fair market value IF you include the difference as a capital gain.  Can't get around that!

 

It helps if you have a good tax preparer and bookkeeper .  Because they can save you a lot of money  . I read the tax coded all the time and know what you can deduct. Yes there are loop holes but they are for the good of Americans .

Sandshore  so what is the point of taking over Mexico?  What will you actually do with it?

Capitalists live on the hardworking taxpayers by not paying taxes and  making the hardworking taxpayers fight their wars while they live in luxury in the U.S.