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Essay text:
Avoiding taxes can be accomplished though various legal means, whereas evading taxes is highly illegal and can result in severe penalties. In order to effectively reduce taxes without suffering serious consequences, it is critical that all taxpayers fully understand the differences between avoiding taxes and evading taxes.
Clearly understanding what separates tax avoidance from tax evasion is a vital step for any taxpayer who wishes to save money on taxes without breaking the law. The most important difference between these two situations is that avoiding taxes can be done legally, while evading taxes cannot...
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