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Concerning "normal tax planning", there is no definition for the term "normal tax planning" for which we could implement a function that returns a yes or a no.
by gizi 11y ago
Concerning "normal tax planning", there is no definition for the term "normal tax planning" for which we could implement a function that returns a yes or a no. In other words, the term "normal tax planning" would never appear in any policy document. The tax code is already arbitrary enough as it stands.
- rbcgerard 11y agoWhat many forget, but is fairly straightforward, is that tax planning is usually performed by accountants and lawyers at an hourly rate and is largely disconnected from the sum involved. Therefore the ROI of tax planning increases dramatically with larger sums. i.e. spend $50k to setup some complex structure to save $60k in taxes? no thanks, spend $75k to save $1m? i'm listening...