how to reduce income tax

This is a discussion on how to reduce income tax within the General Trading Chat forums, part of the Reception category; Different strategies for reducing income tax list below - 1. Deferring Income Tax. 2. Tax Schemes. 3. Pre-Payment of Interest. ...

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Old Feb 22, 2011, 9:50am   #1
 
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how to reduce income tax

Different strategies for reducing income tax list below -
1. Deferring Income Tax.
2. Tax Schemes.
3. Pre-Payment of Interest.
4. Medical Expenses
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Old Feb 22, 2011, 9:54am   #2
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Re: how to reduce income tax

5. Don't make any money
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Old Feb 22, 2011, 10:51am   #3
 
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Re: how to reduce income tax

6. Live in Monaco
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Old Feb 22, 2011, 11:04am   #4
 
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Re: how to reduce income tax

7. Evade
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Looks like Scose be trollin' 'aaaaard tho... as far as some are concerned!
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Old Feb 22, 2011, 11:14am   #5
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Re: how to reduce income tax

8. Don't get on their radar in the first place.
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Old Feb 22, 2011, 11:48am   #6
 
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Re: how to reduce income tax

9. Give some to charity, e.g. The Sarah Brown Foundation for Distressed Gentlefolk
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Old Feb 22, 2011, 11:57am   #7
 
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Re: how to reduce income tax

10. Remain in the womb
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Old Feb 22, 2011, 12:07pm   #8
 
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Re: how to reduce income tax

11. Inspired by number 10, die.
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Old Feb 22, 2011, 12:25pm   #9
 
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Re: how to reduce income tax

12. Take over the country
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Old Feb 22, 2011, 12:32pm   #10
 
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Re: how to reduce income tax

Use a good accountant. Failing that yes you could take over the country.
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Old Feb 22, 2011, 12:35pm   #11
 
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Re: how to reduce income tax

14. Murder someone. No tax in prison.
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Old Feb 22, 2011, 12:38pm   #12
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Re: how to reduce income tax

Quote:
Originally Posted by Mr. Charts View Post
11. Inspired by number 10, die.
Apparently doesn't stop them coming after you.
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Old Feb 22, 2011, 12:41pm   #13
 
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Re: how to reduce income tax

Quote:
Originally Posted by TheBramble View Post
Apparently doesn't stop them coming after you.
Then I'll want a coffin just built for one with a large No Entry sign on it and very well nailed down.

Or if they really want to follow me, then I'll go for cremation.
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Last edited by Mr. Charts; Feb 22, 2011 at 12:46pm.
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Old Feb 22, 2011, 1:15pm   #14
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Re: how to reduce income tax

Become a professional gambler !
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Old Feb 22, 2011, 1:20pm   #15
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Re: how to reduce income tax

I saw an article a while back that suggested we're close to 70% tax payers in the UK if on the 40% tax rate. By the time you add on N.I., vat, the extra govt fuel charges (+ the vat), car tax, flight duties, community charge...probably not far off
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