How to Pay $0 Taxes Despite tax reform, it's still possible to
beat the IRS -- legally. Consider three who did. By Robert Wool
(MONEY Magazine) – There is hope for the human race. There are
still honest and patriotic taxpayers who manage to pay zero
taxes legally. They are the surprising survivors of the Tax
Reform Act of 1986, a kind of superbomb launched, according to
the politicians who designed it, to obliterate unfairness in the
tax world. Let all pay their share, and let no sheltered
megamillionaire ever again escape taxes altogether. In 1986, the
year before reform, 26,557 Americans with income of more than
$40,000 for that year paid absolutely nothing, according to the
Internal Revenue Service. A year later, that figure was supposed
to drop to -- well, zero. Did it? The IRS hasn't gotten around
to reporting on that yet, but you'd think that the new law had
covered all loopholes. After all, hadn't it eliminated the value
of write-offs from those notorious tax shelters and reduced or
wiped out such bel