CHAPTER 8

Traditional Tax Shelters

“As a citizen, you have an obligation to the country’s tax system, but you also have an obligation to yourself to know your rights under the law and possible tax deductions. And to claim every one of them.”

DONALD ALEXANDERformer Commissioner of the Internal Revenue Service under three presidents

“The tax laws reflect a continuing struggle among contending interests for the privilege of paying the least.”

LOUIS EISENSTEINThe Ideologies of Taxation

“When Congress talks of tax reform, grab your wallet and run for cover.”

Senator STEVE SYMMS of Idaho

The art of sophisticated tax planning requires you to understand the elements of tax-sheltered investments. These investments allow you to offset certain “artificial ...

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