Offshore tax evasion is crime in several onshore countries and includes jail time so it end up being avoided. On the opposite hand, offshore tax planning is Not a crime. A personal exemption reduces your taxable income so you wind up paying lower taxes. You may be even luckier if the exemption brings you a few lower income tax bracket. For the year 2010 it is $3650 per person, same as last year's amount. In 2008, get, will be was $3,500. It is indexed yearly for inflation. ...

Offshore tax evasion is crime in several onshore countries and includes jail time so it end up being avoided. On the opposite hand, offshore tax planning is Not a crime. A personal exemption reduces your taxable income so you wind up paying lower taxes. You may be even luckier if the exemption brings you a few lower income tax bracket. For the year 2010 it is $3650 per person, same as last year's amount. In 2008, get, will be was $3,500. It is indexed yearly for inflation. ...