It's become very tough to avoid taxes in the USA, but one of the best loopholes they still allow (because all the congressmen are doing it) is: VUL (Variable Universal Life) insurance policies. Basically, it allows your company to pay you this benefit (you have to add it as a bonus to your personal income tax), which is a tax writeoff for the company but a bonus to you the individual. You can only put in so much per year (I think it's about $2500 per month). So far it sounds bad but here's where it turns good--
It works just like a 401K, where you allocate the funds inside to go towards whatever investment packages you like. Funds inside compound upon themselves (around 10% healthy rate currently). You can take out any amount you like as a return of premium, tax free, so long as you maintain a balance large enough to pay your monthly premium. You can also take out a loan on the balance at 0% interest if you want.
Money taken out of the policy is not taxed, because it is a 'return of premium'.
The premium costs per month are trivial if you keep a decent balance inside-- the compounding interest will pay the premium off. Even if the premium is not paying itself, you are saving money because the business writes off a benefit expense, and your tax liability decreases by leaps and bounds. And you launder your money through a 100% legal loophole. Congress tested, IRS approved
And, if you kick the bucket, your beneficiaries get a million bucks.
-J (lowering my taxes while staying legal has become a fargin' fulltime job!)
