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Version vom 23. Juli 2026, 16:22 Uhr
Offshore tax evasion is crime in several onshore countries and includes jail time so it end up being avoided. On the opposite hand, offshore tax planning is Not a crime.
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Contributing an insurance deductible $1,000 will lower the taxable income belonging to the $30,000 1 year person from $20,650 to $19,650 and save taxes of $150 (=15% of $1000). For that $100,000 every single year person, his taxable income decreases from $90,650 to $89,650 and saves him $280 (=28% of $1000) - almost double!
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