The politicians’ promises of yesterday are the taxes of today.
Read my lips, no new taxes.
—George H. W. Bush
I have no intention of raising taxes.
At my seminars people often ask whether they can deduct their meals while eating alone. The answer is yes, if you are on business travel, because that will allow a deduction for meals for each day that you are traveling on business. So, when are you traveling on business?
You are on business travel, according to the IRS, when you are traveling from home, overnight, or for a period of time sufficient to require sleep.1 For example, assume that you live in Washington, DC, fly to New York City in the morning, and ...