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Contributing an insurance deductible $1,000 will lower the taxable income on the $30,000 per year person from $20,650 to $19,650 and save taxes of $150 (=15% of $1000). For the $100,000 1 year person, his taxable income decreases from $90,650 to $89,650 and saves him $280 (=28% of $1000) - almost twice as much!

Managing an offshore financial institution from inside the U.S. seriously isn't stupid, it is a death anticipation. In case you don't watch the news, these government guys are very, serious about catching people as you and making examples folks.

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