![]() If you earn interest on that account, ditto. For example, if you invest in an index ETF and it goes up, it’s not reported on your tax return. Even if it technically exists, it doesn’t apply to you. ![]() Think of taxes as gravity in The Matrix, or logic in the Transformers movies. Tax sheltering means putting your money someplace where taxes no longer apply. ![]() ![]() 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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