477. Losing Money

Every time you lose money, you destabilise your financial position. Never deliberately make a loss just so you can take a tax break. It is ALWAYS better to make a profit and pay the tax if you must. Better still, make the profit and avoid,(not evade), avoid the tax.

There is a distinction between tax avoidance and tax evasion. Tax avoidance is LEGAL, evasion is illegal. This distinction can keep you out of jail.