Legal attempts to arrange one's financial decisions so as to pay the least tax possible are known as

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Tax avoidance refers to legal methods of arranging financial decisions to reduce tax liability. Tax evasion, on the other hand, involves illegal actions to avoid paying taxes. Logrolling is a political term referring to the practice of exchanging favors or support for mutual benefit. Rent seeking refers to attempts to obtain economic gain by manipulating the political process. Underreporting refers to intentionally and illegally reporting less income than earned to reduce tax liability.

Legal Attempts to Arrange One's Financial Decisions So as to Pay