Offshore tax havens used by individuals and corporations cost governments trillions of dollars annually. According to the estimates of some economists, individuals have stashed anywhere from about $8.7 trillion to $36 trillion in various tax shelters around the world. But not all of the tax reduction tactics favored by the rich necessarily involve offshore accounts in the Cayman Islands or Bermuda. There's a variety of other places the rich hide money to lower their tax burden each year and shelter some of their income, many of which are quite straightforward. Here are some examples provided by tax, personal finance and small business experts.