When I first started out, I didn’t have nearly as many tax-avoidance strategies as the rich did, but there are a few available to anyone, and taking advantage of every opportunity is absolutely critical. Leona Helmsley, also known as the “Queen of Mean,” may have been sentenced to sixteen years in prison for tax evasion (ah, sweet justice), but there’s a big difference between legal and illegal tax avoidance. “THE DIFFERENCE BETWEEN A TAX SHELTER AND TAX DEFERMENT The first lesson I learned was simple: not every tax break is scuzzy.
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