Smart TaxesSmart Taxes

Taxes are the game we play to preserve wealth

Tax code sounds boring, but it leads to mental Viagra.

By Jeff Schnepper Jan 16, 2010 2:01PM

My first blog.

 

Let’s be honest. The excitement factor for taxes lies somewhere between watching paint dry and listening to my mother-in-law regurgitate all the mistakes I’ve made in the last 30 years.

 

Taxes may be boring. But money and wealth accumulation are mental Viagra. Money leads to wealth and wealth creates options and independence.

 

That’s exciting!

 

Taxes are the game we play to preserve the wealth that we sweat to create. If you want to accumulate wealth, you have to know the rules to keep your money from being vacuumed up by political hacks who piss it away to buy votes. Let’s hear it for the plundering potentates of the Potomac! But we’ll deal with parasites of the palace guard in later blogs.

Bottom line is that if you don’t know the rules, you can’t win the game.

 

That’s where I come in.

 

I know the rules -- or at least enough to get people to pay me outrageous sums of money to tell them what to do. And it’s deductible.

 

Keep your hand off your wallet.

 

No cost here except an occasional request for feedback.

Today I just introduced myself. Next time we’ll have some fun with the Tax Code. In the future we’ll hit on what’s hot and dig into the dirty underside of our tax system -- how it works and how we can work around it.

 

I’ve always taken the position that there’s nothing that can’t be deducted, under the appropriate circumstances.

 

It’s gonna be a fun ride. You better tighten your seat belts!

 

Related reading:

 

6 ways to keep the IRS at bay

 

Should you do your own taxes?

 

The ultimate tax shelter: owning your own business

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