Originally Posted by Sly

I've only been reading half the thread so somebody catch me up.

For fantasy sake, let's say I'm making $500k a year. What deductions are available to me that put me in the $50k bracket?

To my knowledge, the only way I can put that personal money into the stock market and get a deduction would be a 401(k), which is capped $15k yearly and is not even available to those that make $500k a year.

I suppose I could invest that money into a personal business, that would allow for a variety of deductions, although my fantasy Fortune 500 company employer would probably not be too crazy about that.

Charitable donations I suppose. I wouldn't really get much monetary benefit out of that.

I must be leaving something out.

I don't particularly feel sorry for this person, I'm simply trying to figure out where $400k worth of deductions come from.