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beoShaffer comments on 2015 Repository Reruns - Boring Advice Repository - Less Wrong Discussion
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80/20 tax law for your country. Unless your a tax lawyer you aren't going to have the need or ability to learn it in detail, but simple changes can often save several thousand dollars a year. In particular tax deductible savings accounts and charitable giving deductions are your friends.
80/20 tax law.. what? Do you use '80/20' as a verb here?
It's referring to the Pareto principle, "80% of the effects come from 20% of the causes". To 80/20 tax law would be to learn the 20% of tax law that gives you 80% of the benefits of knowing tax law.
I know of Pareto principle, just haven't figured out that 'to 80/20' means 'to learn tax law 20%'. Makes sense in general; the only obvious problem I see here is: how do I know how much of the tax law is 20%? (seriously, at least a rough approximation?)
s/for your country/if you live in the US/. American tax law has a lot of complexity that makes this good advice; other countries largely don't have the things you mention.
"80/20" are defined in relative terms, so it still makes sense if the overall complexity of your tax system is smaller.
Only if the money saved / effort expended ratio is similar, and I don't think it is. The original post was "simple changes can often save several thousand dollars a year"; that's distinctly not true in (many) non-US countries.