Schafer: Tax avoidance might make financial sense, but is it fair?
This term shows up in news articles, investment websites and in invitations to drop by seminars hosted by financial firms.
An article from the personal-finance publication Money a few years ago was memorable for its photo of kids dressed like the chairman and vice chairman of a big bank, and it ran under the headline “6 Ways to Avoid Taxes Like a Millionaire.”
Moving to
Tax avoidance, by the way, is looking for ways to minimize legal taxes and is not the same as tax evasion. Yet there’s still something unseemly about avoiding taxes, so maybe it’s one thing we do with our money where it’s a question of degree.
Buying a
At the other end of the spectrum is what Sir
No one can simply rent a house in
That doesn’t make it right, of course.
Moving to
The historian,
“We can talk for a very long time about all these stupid philanthropy schemes …” he said. “We can invite
I gained a lot more insight into why a lifelong Minnesotan would move to
This is a tax on what someone owns when they die. There are federal taxes, but they don’t kick in until the estate reaches the value of
In
Only people with a net worth of more than
The
Moving to
In thinking this through, it might be useful to know how the state of
About
One feature of sales taxes is that they cost lower-income people a bigger chunk of what they take in than is the case for more affluent people.
In
The top 1 percent in
As it turns out, low-tax
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