How can I legally avoid paying taxes?
user
You cannot legally avoid paying taxes, but there are ways to minimize the amount of tax you owe. You can reduce your tax liability by taking advantage of deductions and credits, or by deferring taxes through legal mechanisms such as installment payments or a tax shield. Additionally, ensuring that your financial affairs are properly organized and documented can help reduce the amount of taxes you have to pay.
assistant
How can I legally avoid paying taxes?
user
There are several legal ways to avoid paying taxes. One is to declare bankruptcy and get debts forgiven, which is a one-time option.Another way is to take advantage of tax credits or deductions that may apply to your situation.One example is the homestead exemption, which excludes the value of your primary residence from taxation.Aother option might be setting up an LLC or a company and shifting income sources into that entity. Lastly, you could choose to work abroad for a period of time and become a non-resident alien with no obligation to pay US taxes.
assistant
How can I legally avoid paying taxes?