Ask the Taxman, '07 Edition!

I got a new full-time job in a building where we have to pay to park. Can I deduct parking expenses from my income as an unreimbursed expense? FWIW, mass transit is an option.

Thanks,

Sachin

 

Wow... sweet... I thought it came under commuting expenses, which aren't deductable.

 

I am going to be cashing some some Series EE Savings Bonds I have.

What part of the bonds are taxable?

 

So I was wrong about having to pay to park. A parking spot for each employee is part of our lease.

 

I read somewhere that 97 percent of the income tax revenue comes from the top 47 percent of the population (meaning 53% of taxpayers only contribute 3%) Is that true? Can someone point me to some statistics that show how much comes from who?

 

This might help (haven't looked over it myself yet).

 

This is a 2005 report from the US Treasury: http://www.ustreas.gov/press/releases/reports/factsheetwhopaysmostindividualincometaxes.update.pdf

It's PDF file.