Old 01-28-2013, 04:03 PM
  #77  
Crabpot Man
Senior Member
 
Join Date: Jan 2007
Location: Albemarle Sound Management Area
Posts: 6,220
Default

Originally Posted by jzima View Post

And of course, Phil is the first and only self employed guy in history to not take any deductions. It's not like travel costs anything in his business. He probably flies coach. His private jet doesn't cost anything. Or memberships. Or swing coaches. All free.
Those are business expenses not deductions and have no bearing on his effective tax rate.
Crabpot Man is offline