I am tearing down the opaque curtain and letting the sun shine on little known legitimate tax deductions; the reason men like Jeff Bezos and Elon Musk are able to circumvent their tax obligations legally: Prepare to be amazed:
- Whaling Boat Repairs: You can deduct up to $10,000 per year on repairs. I know whaling is banned but some Indigenous Tribes are allowed and with names like Bezos and Musk they very well might qualify!
- Clarinet Lessons: The lessons can help correct overbite. The IRS allows blowing in a clarinet for medical reasons. Musk spends so much time blowing himself I thought this might help even more.
- Body Oil: It takes a lot of oil to make a pro bodybuilder shine so, in their case it is deductible. Both spend hours every day flexing so I’m sure the IRS allows it.
Life is simple. Mind Blown!
[Source Article: Bone Spurs, Medical Deductions and Draft Dodging Deferments for the Wealthy]