Post your favorite tax loopholes!

crypto coin to crypto coin trades produce no taxable events.

For the last 4 days in Australia there has been 0% tax on any purchase with crypto. I'm not talking about dodging tax, the law changed so crypto is legally tax free.
Now I just need to make 1000 BTC and cash out before this changes with the next election.

living in 2nd world

>>2704896
What nations are ever considered 2nd world these days? The Warsaw pact is largely dead and there are strange Russian allies like Syria now.

>>2704908
Maybe chyna? Cuba? Venezuela?

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>>2704776
If you don't make any money, you don't have to pay any tax!

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Charitable remainder trust

>you can "contribute" your assets to the trust
>then sell them capital gains tax free
>then you can reinvest them in whatever you want
>in exchange, you get a percentage and/or a fixed amount from the trust every year for the rest of your life
>that yearly amount is capital gains taxed, but likely on more favorable terms
>you can be a trustee, so you can change the amount you get per year
>you also get an income tax deduction of the first year

Being poor is for people who don't know tax law.

>>2705055
is this in usa?

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>>2704780
The form for like-kind exchanges is two pages.

https://www.irs.gov/pub/irs-pdf/f8824.pdf

Do they expect me to fill this out for every single trade and mail them over 1000 pages of documents?

>>2705360
Who actually uses these forms?

>>2705360
It would be funny as fuck for everyone in the US to actually file these forms for one week just so the IRS learns how fucking retarded it is.
I was asked to fill out stupid forms for every task at work so I did, for every single task be it walking to the tool box, picking up a tool, getting a ladder ect. After a week and ~800 forms the company decided we didn't have to do them anymore.

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>>2705360

>>2705411
What?
That's surprising, i can't understand why they would just drop it like this

>>2706544
My guess is too much time spent filling out forms, not enough time spent actually working.

>be electrician
>80% of my work is cash in hand
>pay for food,fuel,clothes etc in cash
>'win at the casino'
>deposit large amounts in bank
>pay myself dividends every 1/4
>pay less tax then a normie