“Any one may so arrange his affairs that his taxes shall be as low as possible;
he is not bound to choose that pattern which will best pay the Treasury;
there is not even a patriotic duty to increase one's taxes.”
—United States Judge, Learned Hand
Think about that quote for just a second. We do not have any patriotic duty to voluntarily increase our taxes. If that’s the case, then wouldn’t it make sense to do everything we possibly could to reduce our tax bill. Here are several tax reduction strategies; some are simple, some are very sophisticated and you’ll want specialized help to implement them. Many of the strategies will work for income tax purposes and some will allow you to bypass Uncle Sam as a beneficiary of your estate. If you have any questions, we’d love to hear from you.