Commentary, news and
reflections about
this taxing life, by Vernon Jacobs, CPA.
this taxing life, by Vernon Jacobs, CPA.
Jacobs is the co-author of Legal Ways to Save Taxes Offshore & Onshore, of Offshore Tax Strategies, of The Controlled Foreign Corporation Tax Guide and of Risk Management for Amateur Investors. He is the Editor & Publisher of the International Wealth Protection Monitor newsletter and the free Q&A service, the Jacobs Report on International Financial Planning. He is the President of Offshore Press, Inc. and is a member of the International Tax Technical Resource Panel of the American Institute of CPAs. He has been a CPA since 1962, with a focus on taxes since 1975. .
Five Ways To Win The Tax Game
There
are
basically five ways that taxpayers deal with their tax
burdens.
- 1. Those who can afford the cost will attempt to buy the support of the politicians to enact obscure changes to the law that will have a beneficial impact on the contributor.
- 2. Those who
can’t afford to buy their own tax breaks join with others who are
similarly
situated to lobby their elected representatives for some specific tax
relief.
- 3. The third
method is to use the services of specialists who can help to find legal
ways to
avoid taxes.
- 4. The fourth
method is called tax evasion.
- 5. The fifth method of dealing with high taxes is to find another country where you feel the tax burdens are more reasonable. It’s generally referred to as expatriation.
The vast majority of people don’t use any of these methods. They just pay the taxes the government says they owe and they complain a lot.
by Vernon Jacobs, CPA
Co-author of Legal Ways to Save Taxes Offshore & Onshore
http://www.offshorepress.com/legalways2save.htm
| Contact Information: Email jacobs1@kc.rr.com. Phone
913-362-9667, Fax 913-432-7174, U.S. mail to POB 8194, Prairie Village,
Kansas, 66208. www.vernonjacobs.com |
Jacobs is the co-author of Legal Ways to Save Taxes Offshore & Onshore, with J. Richard Duke, JD, LLM.
