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Tax avoidance

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How do you personally minimize your taxes? For the purposes of this thread mandatory health insurance and social security contributions and so on are of course counted as taxes.
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>>1719342
Max out your 401k/IRA.
>>
Bumpirooni
>>
Have lots of kids.
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>>1719352
How does that help?
>>
>>1719357
Holy shit. For real? You really asked that?
>>
>>1719357
Income exclusion and child tax credits.

>>1719342
Health savings account it is an exclusion. You can invest funds tax free.
529 is an exclusion.
>>
>>1719352
>>1719584

Stepping over dollars to pick up pennies.

Kids are way more expensive than the money you'll "save" through tax deductions.
>>
Depends what you do?
Certain professions can just set up a company which bills employer and I assume dividends are taxed less than payroll taxes in USA? (Not American myself, so I wouldn't know)
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>>1719648

> not factoring in child support
> food stamps
> medicaid

The state takes care of children now a days. Thought this was known. Plus dat sweet 2k tax break. Shet.
>>
>>1720342
These are only applicable if you are poor and/or divorced. If OP is a guy he's definitely paying child support unless the wife is an absolute fuck up.

Either way this is all assuming OP even has a kid. I still think that despite all those above benefits it's way more expensive to raise a kid than you are letting on.

Either way
>>
What's the best jurisdiction if you only have capital gains from investing as income?

How should I structure?
Thread posts: 12
Thread images: 1


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