Outsmarting Congress

Outsmarting Congress

Host : What's that?

David : Outsmarting the folks who write our tax laws! I don't mean to be cynical about this, but it's the best investment of your time. Taxes take a third or more of your income, so this can produce significant savings. And it's a sure bet, unlike the stock market.

You never can control the ups and downs of the stock market, but if you know the tax system you can save yourself thousands of dollars right now, and have hundreds of thousands of more dollars in the future.

Host : Now that sounds impressive.

David : Yes, and it's as close to being risk-free as you'll find. In your quest for financial independence, it's easy to get sidetracked into fancy things like futures, options and short-term stock trading.

But you don't have to do this. If you just understand the tax code a little and follow a few basic principles, you'll almost always come out ahead of the most sophisticated trader who doesn't understand these powerful ideas.