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Showing posts with label tax break. Show all posts
Showing posts with label tax break. Show all posts

Saturday, August 23, 2008

Mileage Deduction 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?