Offshore Business - Pay Low Tax

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It won't work. Corruption of politicians becomes the excuse for memek that population to start to be corrupt in themselves. The line of thought is "Since they steal and everyone steals, so will I. They generate me start!". A personal exemption reduces your taxable income so you wind up paying lower taxes. You could be even luckier if the exemption brings you using a lower tax bracket. For the year 2010 it is $3650 per person, equal of last year's amount. In 2008, sum of was $3,500.

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He was given bad advice and acted on it. Many others have become victims of so-called tax "professionals" which are really scammers in cover. Make sure to a bunch of research and hire only legitimate tax professionals. Be extremely careful of what advice you follow only hire professionals that should trust.