OuchThatHurts
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You can always offset capital gains and income by reducing that amount through good and honest ways and doing so to such a degree where it's well within the boundaries of tax law. Some examples are charities. Perfectly tax-deductible. Tax-deductible expenses such as mortgage expenses, home improvements, some operating expenses, medical expenses, child care depending on income. You are perfectly well to run your own personal endeavors as they were a business. You could even incorporate if you like.
Whether this will reduce your income to zero or less (e.g. prompting a refund) or not is not important. But I say the more money I can put toward charities and my own life's improvement as opposed to the government, the better.
You can still rest assured knowing the money you do pay will be put towards the country's basic needs, infrastructure, mismanaged, stolen from, abused, and wasted. And while the US may have one of the largest economies in the world, as a business, we can all agree it's all run like shit.
Whether this will reduce your income to zero or less (e.g. prompting a refund) or not is not important. But I say the more money I can put toward charities and my own life's improvement as opposed to the government, the better.
You can still rest assured knowing the money you do pay will be put towards the country's basic needs, infrastructure, mismanaged, stolen from, abused, and wasted. And while the US may have one of the largest economies in the world, as a business, we can all agree it's all run like shit.