Tax Shelter

Tax Shelter - are any method of reducing taxable income resulting in a reduction of the payments to tax collecting entities.

Tax Shelters Defined: as any method of reducing taxable income resulting in a reduction of the payments to tax collecting entities, including state and federal governments. The methodology can vary depending on local and international tax laws.

In North America, a tax shelter is generally defined as any method that recovers more than $1 in tax for every $1 spent, within 4 years.

Log In or Join to leave a comment



Hobo Members save 1000's of dollars by joining HoboTraveler and asking pro travelers questions on the Hobo Talk Wall.