via:U.S. Tax Hackers: Cheating or Beating? (Infographic) | Frugal Dad
Tax time is stressful for everyone. It can be overwhelming collecting all the necessary forms and making sure everything is in order before that dreaded day in April hits. I thought that getting ready to make sure yearly dues are paid and accounted for was a universal experience—however, I was surprised to learn just how many legal tax havens are out there. Unfortunately, I learned that most of these are of no benefit to the average citizen. Only 1% of taxes on wages and salaries goes uncollected; however, it’s estimated that every year the U.S. Government loses $100 billion to legal tax havens employed by corporations and multi-millionaires. Read on to learn about some of the surprising crafty tax players. I think it’s a subject worth learning something about, regardless of income level or tax bracket.
Source: Frugal Dad