New IRS Study: More Than 10,000 Wealthy American Households Paid No Income Tax In 2009

Out of the 3.9 million households that reported an adjusted gross income of $200,000 or more in 2009, more than 10,000 households paid nothing in taxes, according to a new study from the Internal Revenue Service.

How'd they do it? According to the study, nearly one-third of the high-income returns used miscellaneous deductions such as non-reimbursed employee expenses. Other big reasons for deductions included charitable contributions, medical expenses, and losses related to an incorporated small business.

The Puritalia 427 puts a modern spin on the iconic Shelby Cobra.

We'll see in about a month when thry lift the cover.Looks interesting.