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Old 02-09-2013, 07:46   #103
DanaT
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Join Date: Feb 2005
Location: CO & Baden –Württemberg
Posts: 15,837
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Quote:
Originally Posted by jilverthor View Post
As much as I hate taxes, I have not reached the point that I will spend money just to keep the government from getting a smaller portion. As such, my objective is to have the largest increase in net worth (legally) rather than to minimize the taxes.

At some point I may develop enough spite that I am willing to accept less myself just to keep the government from getting as much.
One thing that I have done, is that although I work for foreign company I also partly (more than 50%) own a small medical company. My portion was financing it and developing the technology. I was able to take some very nice write-offs for capital depreciation on equipment. The pass-through loss was very high due to capital expenditures.

This is not a short term strategy to make money, but it does help with taxes.
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