I would describe myself as all the above plus more, kinda like a modern pissed off Jefferson/Madison hybrid ready to metaphorically put some heads on pikes.
It is very difficult to legally shield income except by putting assets in a Trust or offsetting income with business expenses, etc. But note that many expenses fall into that category legitimately when one is running an LLC that is active in operations and doing research to develop intellectual property, etc.
I try to stay out of gray areas regarding income, especially business income because it is hard to win those fights with the IRS. An LLC flow through arrangement or Trust shield/deferral is adequate for me. Note that a SB401K can defer taxes due on business income for a very long time, but eventually they get you.
I would describe myself as all the above plus more, kinda like a modern pissed off Jefferson/Madison hybrid ready to metaphorically put some heads on pikes.
It is very difficult to legally shield income except by putting assets in a Trust or offsetting income with business expenses, etc. But note that many expenses fall into that category legitimately when one is running an LLC that is active in operations and doing research to develop intellectual property, etc.
I try to stay out of gray areas regarding income, especially business income because it is hard to win those fights with the IRS. An LLC flow through arrangement or Trust shield/deferral is adequate for me. Note that a SB401K can defer taxes due on business income for a very long time, but eventually they get you.