Thursday, May 17, 2012
How to Get Out of Paying Taxes in the United States
Have you ever wanted to avoid paying federal income taxes in a legal way? Yes, you can claim tax deductions, tax credits or you could stop working. All of these methods is a legal way of avoiding some your federal tax bill. However, I have found a full proof way of avoiding paying your taxes and remaining a free person (without the worry of the United States IRS in full pursuit).
Apparently, you can renounce your US citizenship and get out of paying your taxes. I don't know the details of how this is done, but apparently it is a tactic being used by some to avoid that hefty bill. After thinking about it, I am not sure I would go that route.
As much as I believe the United States has it problems, I am also a proud citizen and one who is willing to pay his fair share in order to remain in the country.
What would you do?