In this episode, I talk with Tom Baugh, author of Starving the Monkeys about his recent article on the US federal tax code.
Listen to Tom talk about:
- Why the good old fashioned American "rags to riches" success story is bunk.
- How bonds are the ruling class' "secret sauce" for making huge amounts of money.
- How the tax code is set up to screw certain types of people, and benefit others.
- How you can take advantage of the tax code to cut dramatically the IRS's bite from your paycheck.
Be sure to check out Tom's "Fully Taxated" series of articles.
Part 2 will come out in the next podcast, in which Tom talks about practical aspects of incorporating as a Class C corporation, some unexpected advantages of doing so, and about current events bringing us closer to the edge of the cliff.
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