Top Ways To Avoid Income Tax - Part 1...

Top Ways To Avoid Income Tax - Part 1 | John Chow dot Com

There are 1 comment on the www.johnchow.com story from Feb 6, 2008, titled Top Ways To Avoid Income Tax - Part 1 | John Chow dot Com. In it, www.johnchow.com reports that:

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.

Don’t 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, don’t make income. How do you live with no income? You borrow it. If you make $100,000 at a job, it gets taxed because it’s income. If you borrow $100,000 from the bank, it’s tax free because it’s 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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cert is good

Wellesley Hills, MA

#1 Oct 24, 2008
you caught my interest

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