Top Ways To Avoid Income Tax - Part 1 | John Chow dot Com
It is the right, and IMO, duty of every citizen to structure their financial affairs to pay as little tax as possible and to avoid paying taxes whenever possible.Dont Make Income This is not as stupid as it sounds. Out of all the things the government taxes, employment income is at the very top of the list. Therefore, if you want to avoid the biggest tax hit, dont make income. How do you live with no income? You borrow it. If you make $100,000 at a job, it gets taxed because its income. If you borrow $100,000 from the bank, its tax free because its not income. At this point, most people will say, Ya, but you have to pay it back! I say you have to be more creative. The next two examples should help illustrate this.
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#1 Oct 24, 2008
you caught my interest
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