A professional businessman shows you how to avoid taxes the honest way in this self-help guide to building and keeping wealth.
Wilfred Don observes that tax collectors from long ago were regarded as the lowest of the low as they charged and collected taxes from the poorest, who represented most of society. They kept large portions of taxes for themselves while contributing to the rulers. Today we call these lobbyists, who influence our lawmakers and leaders.
The tax system in place today allows self-employed individuals to keep more of their money. By studying the tax code, you can:
· lower your taxable income;
· get tax breaks by investing in real estate;
· make your money grow more than inflation.
The author highlights how important it is to get corporate tax rates and realize capital gains instead of earning money and paying personal income tax rates. You must hold your wealth in corporations, equities, and real estate and avoid paying yourself ordinary income at all costs.
Leverage the author’s decades of experience as a business owner to achieve your dreams with the insights in The Hole in the Code.
