Tax avoidance

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Anonymous
Tax avoidance 2017-01-09 01:33:37 Post No. 1719342
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Tax avoidance Anonymous 2017-01-09 01:33:37 Post No. 1719342 [Report]

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.

Anonymous 2017-01-09 01:42:18 Post No.1719348
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Anonymous 2017-01-09 01:42:18 Post No.1719348 [Report]

>>1719342
Max out your 401k/IRA.

Anonymous 2017-01-09 01:47:03 Post No.1719349
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Anonymous 2017-01-09 01:47:03 Post No.1719349 [Report]

Bumpirooni

Anonymous 2017-01-09 01:49:23 Post No.1719352
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Anonymous 2017-01-09 01:49:23 Post No.1719352 [Report]

Have lots of kids.

Anonymous 2017-01-09 01:52:22 Post No.1719357
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Anonymous 2017-01-09 01:52:22 Post No.1719357 [Report]

>>1719352
How does that help?

Anonymous 2017-01-09 03:31:04 Post No.1719584
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Anonymous 2017-01-09 03:31:04 Post No.1719584 [Report]

>>1719357
Holy shit. For real? You really asked that?

Anonymous 2017-01-09 03:44:03 Post No.1719618
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Anonymous 2017-01-09 03:44:03 Post No.1719618 [Report]

>>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.

Anonymous 2017-01-09 03:54:16 Post No.1719648
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Anonymous 2017-01-09 03:54:16 Post No.1719648 [Report]

>>1719352
>>1719584

Stepping over dollars to pick up pennies.

Kids are way more expensive than the money you'll "save" through tax deductions.

Anonymous 2017-01-09 04:21:01 Post No.1719710
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Anonymous 2017-01-09 04:21:01 Post No.1719710 [Report]

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)

Anonymous 2017-01-09 09:21:05 Post No.1720342
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Anonymous 2017-01-09 09:21:05 Post No.1720342 [Report]

>>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.

Anonymous 2017-01-09 10:11:31 Post No.1720456
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Anonymous 2017-01-09 10:11:31 Post No.1720456 [Report]

>>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

Anonymous 2017-01-10 07:23:21 Post No.1721445
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Anonymous 2017-01-10 07:23:21 Post No.1721445 [Report]

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

How should I structure?

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