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tax avoidance

   Also found in: Dictionary/thesaurus, Legal, Wikipedia, Hutchinson 0.09 sec.
Tax avoidance
Minimizing tax burden through legal means such as tax-free municipal bonds, tax shelters, IRA accounts, and trusts. Compare with tax evasion.

tax avoidance
The reduction of a tax liability by legal means. For example, high-income individuals avoid significant federal income taxes by purchasing and holding municipal bonds. Compare tax evasion.

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