I have a friend who owns a large shopping center in southern CA (worth about $70M). He jokes about one of *his* friends who loves taxes. His friend's favorite line is "Show Me the Tax!!"
Thing is, his friend has made MOUNTAINS of money by not being tax-averse. He just budgets it into his overall investment strategy.
So when others shy away from deals that might involve heavy tax burdens, this guy has gone in and figured out how to make money.
It's worth thinking about.
-Russ H.
PS I used to be afraid of income taxes. But, then I started making over $100K a year, and discovered you can afford to hire an acct smart enough to save you money on your taxes. So the end result is, you don't need to pay crazy tax rates if you follow the rules. Just hire someone who knows the rules-- and the loopholes.
Thing is, his friend has made MOUNTAINS of money by not being tax-averse. He just budgets it into his overall investment strategy.
So when others shy away from deals that might involve heavy tax burdens, this guy has gone in and figured out how to make money.
It's worth thinking about.
-Russ H.
PS I used to be afraid of income taxes. But, then I started making over $100K a year, and discovered you can afford to hire an acct smart enough to save you money on your taxes. So the end result is, you don't need to pay crazy tax rates if you follow the rules. Just hire someone who knows the rules-- and the loopholes.
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