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The Tax Code of the United States also allows other ways to save on taxes。 Most of these vehicles are available to anyone; but it is the rich who usually look for them because they are minding their own business。 For example; 〃1031〃 is jargon for Section 1031 of the Internal Revenue Code; which allows a seller to delay paying taxes on a piece of real estate; that is sold for a capital gain through an exchange for a more expensive piece of real estate。 Real estate is one investment vehicle that allows such a great tax advantage。 As long as you keep trading up in value; you I will not be taxed on the gains; until you liquidate。 People who do not take advantage of these tax savings offered legally are missing a great opportunity to build their asset columns。

The poor and middle class do not have the same resources。 They sit there and let the government's needles enter their arm and allow the blood donation to begin。 Today; I am constantly shocked at the number of people who pay more taxes; or take fewer deductions; simply because they are afraid of the government。 And I do know how frightening and intimidating a government tax agent can be。 I have had friends who have had their businesses shut down and destroyed; only to find out it was a mistake on the part of the government。 I realize all that。 But the price of working from January to mid…May is a high price to pay for that intimidation。 My poor dad never fought back。 My rich dad didn't ei

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