Most people believe that they have no choice when it comes to how much taxes they pay. But, you can pay fewer taxes legally. It’s not by using a loophole or top secret information; it’s simply by understanding how the tax law works.
If you look at the tax law, most of the 6,000+ page tax code is dedicated to reducing taxes. Only a handful of pages are actually about paying taxes. Why? The government wants to incentivize taxpayers to invest and engage in activities that shape the economy.
I’m not saying it isn’t our duty to contribute to the world. I believe in giving back and doing good, however, I want more choice in where my money goes, be it a nonprofit or public project I believe in.
Now, I’m no tax expert. I’m walking alongside you on this wealth-building journey and sharing some things I’ve learned from experts. I highly recommend reading more about this topic in Tom Wheelwright’s books “Tax-Free Wealth” and “The Win-Win Wealth Strategy.” I hope this lesson inspires you to learn more and hire the right professional to help you build your wealth with a tax strategy.
You should not use our advice to make financial decisions and I highly recommend you seek professional advice from someone who is authorized to provide tax advice.
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