Income taxes are the single largest expense you’ll encounter in life
Income taxes are the prevalent barrier to real financial security. You can never build any real wealth without first getting your tax life under control.
Our tax system is indeed very complex, and tax laws are ever changing. The Internal Revenue Code, the Federal Tax authoritative guide, is a thick book with over 1.3 million words. Albert Einstein was quoted as saying “The hardest thing in the world to understand is the income tax.” Generally, there are two principles in reducing your taxes: