Leave it to lawyers and the us govenment to are not prepared to give a straight respond to this thought! Unfortunately, in order to be qualified for wipe out a tax debt, there are five criteria that should be satisfied. Contributing an insurance deductible $1,000 will lower the taxable income in the $30,000 1 year person from $20,650 to $19,650 and save taxes of $150 (=15% of $1000). For your $100,000 each and every year person, his taxable income decreases from $90,650 to $89,650 and sav...