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Tax Avoidance
Tax Avoidance refers to a tax minimization, a legal method used to modify financial situation an lower tax obligations. Tax avoidance can be used by any taxpayer, as long as it is legal.
Most popular method for tax avoidance for individuals is contributions to employer-sponsored retirement plans, where individual withdraws the funds in the future when amount paid on taxes is usually lower than it would be if the funds were withdrawn today.
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