No kidding, Crash9. The "wealthy" do keep the lights on, don't they?

Its especially disturbing to see some of the recent changes in Estate/Inheritance taxes. The rich get srewed again, and can't pass on their legacy to their heirs without paying a hefty toll on at least one of the succeeding two generations at least.

I'm no expert but have a better than layman's understanding of the tax code. Owning your own business is great for taxes, too. So much is deductible but you must keep good records and beware the audit. My brother is s sole proprietor and has been audited two years consecutively!

Here's a good deal thats about to close up. If you own a "small" business, you can deduct up to $100K in personal business expenses a year for commercial equipment (I may have posted this before). That includes vehicles with gross weights over 6K lbs. So, that means Rovers and Hummer H2s, which many people are buying for their "small" businesses and deducting the entire cost. I don't know the specifics, if they are amortized or you take the chunk in the purchase year or not.