Difference between revisions of "A Past Of Taxes - Part 1"
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Revision as of 09:14, 15 May 2026
Offshore tax evasion is crime in several onshore countries and includes jail time so it always be avoided. On the opposite hand, offshore tax planning is Not really a huge crime.
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Contributing a deductible $1,000 will lower the taxable income within the $30,000 per annum person from $20,650 to $19,650 and save taxes of $150 (=15% of $1000). For the $100,000 12 months person, his taxable income decreases from $90,650 to $89,650 and saves him $280 (=28% of $1000) - almost double the amount of!
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