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A Break on Mileage Deductions vs Profit Share
Have you heard? We are going to get a break on the deduction for mileage on our taxes for this year. Yes, that is right, a whole .08 cents more per mile. I am happy to have the additional deduction but gas has been expensive all year not just from July 1st to December 31st. Wouldn't you rather have a share in the profits of Exxon/Mobil? They only posted $11.8 billion in profits in the second quarter. So which would you vote for: mileage deduction break or profit share with Exxon/Mobil? ... more
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