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Ok- I already contributed 25K to my SEP and 2K to my IRA. I bought a boat and started a fishing company that I write off the boat, gas, docking,etc.
I write off my car,gas, etc. My groceries I by through scripps and write them off. My clothes, dining out, travel. Everything and I even write off some of my rent because I work out of my house.
I am self employed so that allows me to write all this off. Yes even my internet access I write off. I've donated 5k this year to charities and I even gave 1K to our great President Bush.
So after all that I still owe 60K.
Right now my rent is only 1k a month and I write some of that off.
I know, I know most people say Im fortunate. I tell you cheating in school was not as hard as this, although I am pretty creative.
Any ideas of what else I can do to write off more?
I would greatly appreciate it.
Should I buy a house?
Is there any type of investing real estate, businesses, that I can have Uncle Sam pay for?
Thanks.
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