Interesting though exercise. As I am based in the United States, I will speak from that stance. Many people complain about taxes in the United States and with a tax code of over 8,000 pages how could you blame them, then there is all the graft & waste. It makes you think like there is no remedy and you are under consistent assault. However in the Land of the Free-pun intended-you have tax choice when you understand the tax code. The actual tax code is only 3, yes 3, pages long. the other 7,997 pages are incentives, exemption, loopholes, credits-whatever jargon-that tells you what you need to do to lower your and eliminate your tax obligation-income, foreign, estate, capital gains, dividend, & excise-to the Federal government. There is even a provision that allows you to send monies for an income tax reduction for the debt of the Federal government. Review the tax strategist-one complex-of Ross Pero and the less complex, but as affective, strategy of Warren Buffett.
Interesting though exercise. As I am based in the United States, I will speak from that stance. Many people complain about taxes in the United States and with a tax code of over 8,000 pages how could you blame them, then there is all the graft & waste. It makes you think like there is no remedy and you are under consistent assault. However in the Land of the Free-pun intended-you have tax choice when you understand the tax code. The actual tax code is only 3, yes 3, pages long. the other 7,997 pages are incentives, exemption, loopholes, credits-whatever jargon-that tells you what you need to do to lower your and eliminate your tax obligation-income, foreign, estate, capital gains, dividend, & excise-to the Federal government. There is even a provision that allows you to send monies for an income tax reduction for the debt of the Federal government. Review the tax strategist-one complex-of Ross Pero and the less complex, but as affective, strategy of Warren Buffett.
I wasn't aware of that. Thanks for the comment.