If you want to read more, many of the articles in the asset protection, taxhelp and offshore sections of the Research Press web site deal with tax issues. Or, see the index to my articles . The following are short articles that appear below. After the tax year is over there is little that you can legally do to reduce your taxes because you are committed to what was done during the tax year. It would be very difficult to find two families with exactly the same total income who also paid the same amount of income taxes.
Some families rent while others own a home.
Some families receive tax free medical benefits from an employer. Others have to pay for these with after tax dollars or do without. Some families have learned how to get a tax deduction for many of their expenses. Other families have virtually no deductions. Two investors with the same total assets to invest will rarely pay the same taxes.