orthonormal comments on Open Thread: March 2010, part 2 - Less Wrong

4 Post author: RobinZ 11 March 2010 05:25PM

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Comment author: orthonormal 12 March 2010 02:05:01AM 3 points [-]

In the context of taxes that generally means arranging your financial affairs to minimize the taxes paid without breaking the law.

Since we were talking about choice of career among other things, it's worth stating that your actual incentive here more closely resembles "maximizing your after-tax income" than "minimizing your taxes paid".

Comment author: mattnewport 12 March 2010 02:11:01AM 0 points [-]

True, I was focusing slightly more narrowly on the idea of minimizing your tax burden at your current income level without making major changes in your career, country of residence, etc. but on a longer timescale or in the context of broader life goals you are aiming to maximize your after-tax income rather than minimize the taxes you pay.