Originally Posted by Ron Bennett

Incorporation / forming a LLC to keep much of the revenue within the corporation / leverage ... then as for income - one can often take some as a "distribution" instead of straight income. Services of a reputable CPA tax accountant can make a huge difference in reducing one's business tax liability.

With all that said, yep, the tax system is tilted to favor the rich - more specifically, the super-rich. Using traditional off-shore accounts to illegally avoid taxes is so yesterday and generally only "penny" millionaires who don't know better / greedy do that (FATCA legislation is aimed primarily towards that group)...

The super-rich operate in a totally different legal sphere with the ability to avoid taxation legally through the use of off-shore entities; incorporation off-shore and then, to put it in simple layman terms, shifting expenses to higher tax countries and the profits towards lower tax ones.