ProPublica article on The Secret IRS Files: How the wealthiest avoid income tax

This article was originally published on June 8th, 2021. https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax Should that link go bad, here's a PDF copy of that article:

ProPublica PDF Article for blog - The Secret IRS Files_ Trove of Never-Before-Seen Records

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How can we rely on this article to be reliable? It helps when today, the IRS consultant is charged with leaking the information to the press.

https://www.msn.com/en-us/news/politics/irs-contractor-charged-with-leaking-tax-return-information-of-trump-wealthy-people/ar-AA1hsGjW

Here's a PDF copy of article here:

IRS contractor charged with leaking tax return information of Trump, wealthy people

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Now, here's the secret of the tax code. Are you ready?

The tax code is written by the wealthy to help keep them wealthy.

Here's secret #2 of the tax code. Ready?

There are NO loopholes.

There are only provisions that knowledgeable people understand and utilize in order to pay less taxes.

Secret #3 of the tax code. Ready?

These wealthy people (as disclosed in these leaked tax returns) understand and utilize the power of collateral: borrowing someone else's money backed by their own assets.

I wrote about collateral in this blog article here: https://www.davidkinderfinancial.com/post/understanding-collateral-uses-for-credit-and-wealth

Would it help you to have a consultant who knows how to harness the tax code for YOUR advantage so you can take advantage of these same tax provisions? Reach out and let me know. I'll share it with you and you can decide for yourself.