IRA or 401k, donations, house mortgage interest? I am married with no dependents.
2006-12-29 01:42:31 · 4 answers · asked by qq5121971 2 in Business & Finance ➔ Taxes ➔ United States
come on guys i am serious
2006-12-29 01:48:26 · update #1
If your income is mainly earned (i.e. wages, tips, salary), then there isn't much you can do to reduce your tax obligation.
If they are mostly from unearned income (interest, dividend etc), you may look into some tax deferred investment options or longer term investments. Capital gain tax is (up to) 15% rather than your ordinary income tax rate.
If you have self insured health policy, look into opening a Health Savings Account.
Best wishes.
2006-12-29 04:29:46 · answer #1 · answered by JQT 6 · 0⤊ 0⤋
And they were serious also.
Without doing things above that you mention or having a bunch of kids, the only way to pay less taxes is to make less money.
There is just not much you can do beyond giving a bunch of money to charity and even then, the effects will probably be minimal.
2006-12-29 02:03:57 · answer #2 · answered by Wayne Z 7 · 1⤊ 0⤋
Make less money.
2006-12-29 01:44:01 · answer #3 · answered by frenzee2000 3 · 0⤊ 0⤋
have kids.
2006-12-29 01:45:08 · answer #4 · answered by mystery_me 4 · 0⤊ 0⤋