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Revision as of 01:30, 13 May 2026


Offshore tax evasion is crime in several onshore countries and includes jail time so it should be avoided. On the additional hand, offshore tax planning is In your home crime.

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A personal exemption reduces your taxable income so you get paying lower taxes. You could be even luckier if the exemption brings you together with a lower income tax bracket. For the year 2010 it is $3650 per person, similar to last year's amount. During 2008, a lot was $3,500. It is indexed yearly for rising cost of living.

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