“What most people don’t realize though is that EVERYONE has the capacity to minimize their taxes using the current tax code. It does take a little work, it does take a little study, but isn’t that the exact way to get wealthy?”
Once again surveyor, Right on the money with your comment. Problem with taxes isn’t the codes, it is the fact that it requires mental effort to figure it out. It also requires a little creativity to figure out how to minimise the tax burden.
The ealthy are able to manipulate the system becasue they can afford to pay a specialist to figure this out for them. The specialist does well because once he figures out all the loopholes he simply needs to reapply them to whoever is going to pay his fee.
For the rest of us it requires that we due a lot of leg work early on in the process and then it also requires that we stay abreast of the changes.
I sort of wonder why people will spend a ton of time searching the interenet for a good price on a car yet spend little time learning about taxes. Let’s see, I will buy a car maybe 1 in every 5 years and it represent maybe 5% of my income yet I do not want to learn anbout taxes that hit every year to the tune of 30% or more.
