Converting Avoidable taxesAvoidable taxes to Family Net Worth

Jeff Camarda (), Steven James Lee () and Jerusha Lee ()
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Jeff Camarda: Family Wealth Education Institute
Steven James Lee: California State Polytechnic University
Jerusha Lee: Claremont Graduate University

A chapter in The Financial Storm Warning for Investors, 2021, pp 135-140 from Springer

Abstract: Abstract This chapter introduces you to smart taxSmart tax planning. Smart tax planning easily constitutes the most important and most underrated wealth building skill. Alas, most consumers treat their taxes like another chore like dropping off the dry-cleaning without appreciating the lost opportunity to supercharge wealth. What is more, many tax advisors play conservative defense, taking unreasonably fearful or just plain ignorant positions with your taxes. Either can cost you a small...or large fortune. You must learn to take the strongest, reasonable positionReasonable position possible. As you will learn throughout this chapter and the entire section, the tax code opens itself to a myriad of legal postitions. Finding your most profitable one is one of the keys to supercharging your wealth accumulation. We give you tips on smart tax strategy, and teach how to find true tax master that understands the nuances within the Internal Revenue Code and thereby minimizes your tax obligations to the government...and maximizes your family wealth.

Keywords: Smart tax planning; Positions; Internal Revenue Code; Tax obligation; Wealth building (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-77271-0_14

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DOI: 10.1007/978-3-030-77271-0_14

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