WSJ: What You Can Learn From Mitt Romney's Tax Return

Wall Street Journal, What You Can Learn From Mitt's Tax Return, by Laura Saunders:

[Mitt Romney's tax returns] lift the veil on how the wealthy can use the tax code to their advantage. Here are some lessons the experts have gleaned:

• Avoid salary, wages and tips to the extent possible
• Muni-bond interest isn't the be-all and end-all
• Strive for "qualified" dividends
• If you have a "Schedule C" business, think twice before claiming a home-office deduction
• Generate income from long-term capital gains
• Know the score on itemized deductions
• Capital gains and dividends can help trigger the AMT
• Beware of small benefits requiring large tax-prep efforts
• Offshore investments can save onshore taxes