FACTS

40-50% of the national income goes to TAXES
Second largest consumer expenditure is automotive expenses

IRS allows individuals to claim legitimate automobile mileage.

Learn to Earn

The method is called "CONVERSION"

IRS Says You Can Write Off Mileage
(IR-2007-192)

The Internal Revenue Service issued the following mileage rates used to calculate the deductible cost of operating an automobile. Beginning July 1, 2008, the standard mileage rates for the use of a car (including vans, pickups or panel trucks) will be 58.5 cents per mile for business miles driven.

HOW Can This Be Done?

Convert personal expenses to business expenses

Family could convert up to two thirds of current mileage driven to business miles (58.5 cents per mile- IRS deduction). More than pays for all gas and could almost pay for all automobile expenses.

Average yearly miles
per vehicle was 12,190
Average yearly gallons
per vehicle was 715
Average motor vehicle
gets 17 miles per gallon
Average cost of gasoline in 2007
was $2.78 compared to $1.28 in 2000
Average family spends
$300 to $400 a month