Originally Posted by
scambo1
Nice post. IOW, you can't have a valid investment plan until you have an effective tax strategy.
Exactly, it is better to tax the seed instead of the harvest.
There is a great illustration out there about deferring taxes for 30 years by contributing to a 401k or IRA. The IRS ends up recouping all of the taxes that you defer after less than 4 years of distribution, after that point it is all profit for the IRS (and a loss for the investor).
Pay the taxes now, you will be very happy that you did.