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I personally detest the phrase Tax Avoidance. If an exemption exists and allows me to pay a tax lower than I would have otherwise, what tax was avoided? Why are
by matt-attack 6y ago
I personally detest the phrase Tax Avoidance. If an exemption exists and allows me to pay a tax lower than I would have otherwise, what tax was avoided? Why are exceptions viewed differently than the tax tables? They all collectively constitute the “tax code”.
Tax avoidance means “following the tax code and being an honest citizen”. Why would you apply such an Orwellian term to something so banal?”
- jjeaff 6y agoWell, tax avoidance implies that you are taking actions or modifying your behavior for the express purpose of avoiding taxes. If you increase your ira contribution amount at the end of year to more than you normally would have in order to decrease your taxable income, then that is an example of tax avoidance. If you schedule a corporate team building retreat in the Bahamas instead of taking a personal vacation there, that is tax avoidance. Moving from California to Texas right before you sign a $100m contract is another example of tax avoidance. Denouncing your US citizenship before cashing in billions in stock is another example of tax avoidance.