My Notes / Resources on (legal) Tax Avoidance

Updated: January 23rd, 2024

WARNING:

The U.S. income tax system is based on the idea of voluntary compliance. Under this system, it is the taxpayer’s responsibility to report all income. Therefore, tax evasion — the failure to pay or a deliberate underpayment of taxes — is illegal.

However, tax avoidance — any actions taken to lessen your tax liability and maximize after-tax income — is perfectly legal. And, quite honestly, it’s your duty to do so.

Now that that is out of the way, let’s dive into some of my Notes and Resources curated in private in my own Notion database, and extracted here for your review: