We hear so many times of the rich and famous that are not paying as much taxes with tax returns, and what we – the normal people – are paying. And, sometimes we feel that this might be unfair. They have the money to pay for their taxes, and we can do with every extra cent that we can find. However, with these techniques, you can also pay less taxes just like the rich and famous people.
If you have an offshore status
This is for those people who are not really a citizen in the country that you are currently living in. You can avoid paying taxes if you are not a citizen in the country, and if you don’t save your money in a bank account in the country. for more related information, visit : http://www.boem.gov/Federal-Offshore-Lands/
Then, there is basically no reason for you to pay taxes on your tax returnin the country that you are living in. But, it is important to know that you can’t save your money in the country, or else you’re need to pay your taxes in that country.
When you have a spouse with an offshore status
There are so many people that are married to someone with an offshore status. And, if you have investments with dividends, you can use the fact that your spouse has an offshore status to your advantage.
Meaning you can skip the fact that you are going to pay taxes on the investments and dividends that you have. You should just make sure that you are paying the money in the account of your spouse’s offshore account and under your spouse’s name. Then, you don’t have to lose some of your profit to taxes. But, the negative side is that you are going to lose the chance of getting any tax refunds back on the investments and dividends.
Using companies that’s tax efficient trading companies
There are some great and popular companies that are basically tax efficient trading companies where you don’t pay much taxes with.
This is because they have many different accounts offshore that ensure them not to pay high tax rates. And, if you are using or making use of these trading companies, you will be able to take all the profit that you are making for yourself, and not need to pay taxes on your tax return. You can use these companies without any risks also, because they are popular trading companies that are established and have experience.
We hear so many times about the rich and famous people that don’t pay taxes. And, even if they have so much money, they are able to skip on paying their taxes. There are many ways that they can do this legally, and actually most of us, can do this also. Especially, if you or your spouse have an offshore status that you can use for avoiding paying taxes. The one thing that we all hate, is the fact that our hard earn cash is going to disappear in paying taxes, and when you receive your tax refund, it could just be a small amount of money.