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Aug 6, 2020 at 14:15 comment added Jay @user253751 Sure. What I was trying to say was, There are ways to arrange your finances to reduce your tax liability, but these usually have pros and cons. There is rarely if ever a "magic" solution where you can reduce your taxes just by checking the correct box on a form or doing something else that is totally painless.
Aug 5, 2020 at 20:59 comment added Criticize SE actions means ban Note: Sometimes there are ways to reduce your taxes and the government expects people to take advantage of them. In that case, not taking advantage is actually paying more tax than you're supposed to.
Oct 25, 2017 at 2:52 comment added Kendall Lister The suggestion to realise the capital gain over several years is a very helpful one that isn't immediately obvious to the investing novice (i.e. I didn't think of it until it was too late for me ;) ).
Oct 24, 2017 at 22:41 comment added HopelessN00b "everybody would do it and the government wouldn't collect any taxes." There's nothing wrong with having an impractical dream or two; don't judge. ;)
Oct 24, 2017 at 19:33 history answered Jay CC BY-SA 3.0