Before Reagan screwed us with the “Tax Simplification Act”, the biggest tax increase in history, I didn’t pay one cent in taxes from 1978, the year I smartened up, until 1990.
In 1978 when I had to write a check to the IRS for $28k I got into the tax code and figured out how to not pay taxes.
The 86 tax change that Reagan signed eliminated all the “loopholes” that were available.
In 1980 when I bought my airplane I not only avoided the sales tax of over $10k by using it commercially for over one half of the hours in the first year but using depreciation and 10% investment credit plus income averaging that year the government paid me $4,300 to earn $120k.
LOL... You’re deadly good.
Cheers.....