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Edwin P. Simpson III      CPA- BBA-MS-Tax - Common Objectives... Uncommon Results!
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Second in a Series Understanding the Great Income Tax Debate
The Great Income Tax Debate - Should the wealthy pay more
Pay the least amount of taxes as the law allows
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Pay the least amount of taxes as the law allows
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The Great Income Tax Debate - Should the wealthy pay more
Second in a Series Understanding the Great Income Tax Debate

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Pay the least amount of taxes as the law allows
The Great Income Tax Depate - Should the wealthy pay more
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Pay the least amount of taxes as the law allows

Pay the least amount of taxes as the law allows

Anyone 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.  Former Appeals Court Judge Learned Hand
 
With this in mind, and with two months of the year remaining, now is a good time to review ones tax affairs going into the next year.  Tax planning I believe is the term.
Consult your tax advisor.