How to avoid income tax?

[joerzoe]

The topic look ridiculous but I believe some of you are thinking like me. Any experience to avoid from income tax? I am willing to pay for the information.

[jimmy123]

Hey, this is unfair! We, as people are entitled to all the facilities provided by the govt. then why avoid tax?

[colemancol]

Hey Joerzoe
Its really unfair to avoid income tax but you can avoid income tax legally.You can arrange your affairs in such a way that you won't have a tax liability. That means doing whatever you legally can to reduce your taxable income to zero.

For example, invest in a 401(k), traditional IRA, Flexible Spending Account, have medical insurance premiums deducted pre-tax, have lots of children, operate a business that has positive cash flow but with a net loss due to depreciation and other large non-cash deductions. It can be done but its not easy to do on a consistent basis.