What's your tax strategy?

[Jon Klaus]

First a quote from the honorable judge Learned Hand.

"Anyone may arrange his affairs so that his taxes shall be as low as
possible; he is not bound to choose that pattern which best pays the
treasury. There is not even a patriotic duty to increase one's taxes.
Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands."

What are you doing to minimize/manage your taxes? Especially if some of your standard deductions and shelters are phased out because of a healthier income?

[Steven Hamilton II]

Jon Klaus,

I'd rather make the dollar and pay the tax than lower my returns as a percentage; however, there are various strategies that can be used.

Depreciation and cost segregation are great; however, you might want to consider the advantages of a non-profit to fund a pension for you, othe corporations, family partnerships, etc.

-Steven