The Hole in the Code: Simple and Easy Honest Taxation System

By Wilfred Don

A professional businessman shows you how to avoid taxes the honest way in this self-help guide to building and keeping wealth.

Wilfred Don observes that tax collectors from long ago were regarded as the lowest of the low as they charged and collected taxes from the poorest, who represented most of society. They kept large portions of taxes for themselves while contributing to the rulers. Today we call these lobbyists, who influence our lawmakers and leaders.

The tax system in place today allows self-employed individuals to keep more of their money. By studying the tax code, you can:

· lower your taxable income;

· get tax breaks by investing in real estate;

· make your money grow more than inflation.

The author highlights how important it is to get corporate tax rates and realize capital gains instead of earning money and paying personal income tax rates. You must hold your wealth in corporations, equities, and real estate and avoid paying yourself ordinary income at all costs.

Leverage the author’s decades of experience as a business owner to achieve your dreams with the insights in The Hole in the Code.

• Language: English
• Publisher: Archway Publishing
• Release date: Jul 18, 2022
• ISBN: 9781665723732

Wilfred Don

Wilfred Don leverages his decades of tax experience as a business owner to show you how to avoid taxes the honest way in this self-help guide that will allow you to fly with the eagles instead of wobbling with the turkeys.

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Copyright © 2022 Wilfred Don.

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The information, ideas, and suggestions in this book are not intended to render

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consult your personal accountant or other financial advisor. Neither the author nor

the publisher shall be liable or responsible for any loss or damage allegedly arising as a

consequence of your use or application of any information or suggestions in this book.

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ISBN: 978-1-6657-2374-9 (sc)

ISBN: 978-1-6657-2372-5 (hc)

ISBN: 978-1-6657-2373-2 (e)

Library of Congress Control Number: 2022908803

Archway Publishing rev. date: 07/02/2022

CONTENTS

Chapter 1     The Greatest American Liar

Chapter 2     A Look Back in Time

Chapter 3     Imagine a Better Economy

Chapter 4     Internal Revenue Service Tax Charts

Chapter 5     Top Line vs Bottom Line

Chapter 6     How the Game Is Played

Chapter 7     Legal Way to Lower Your Income Tax

Chapter 8     The Code with the Hole in It

Chapter 9     Tax Me if You Can

Chapter 10   Smoke and Mirrors

Chapter 11   Time for a Change

Chapter 12   The New World Currency

References

Notes

CHAPTER

ONE

THE GREATEST AMERICAN LIAR

IT WAS THE WORST OF times leading into the year 2020 from a poor man’s perspective. Three years earlier, a new age of presidency had come in, along with a party concerned with only one thing: fooling the public by changing rules to benefit the rich, mostly at the expense of the middle class. Working Americans, who produce the wealth of our nation through sweat and dedication, were caught up in a system from which most cannot escape. The actual wealth created goes almost entirely to the upper 2 percent of the population and will not flow downward to any extent that might help the average American worker.

Our former president and his party had control of our banking system and have continued to manipulate the markets by lowering income taxes even further for corporations who already paid little, as the IRS schedules indicate on the next few pages. In addition, pressuring the Federal Reserve to keep lowering interest rates so they can keep the stock market rising to false heights will soon cause a collapse. Yes, there is a bubble developing in the housing industry, the tech stocks, construction businesses, and others that will soon come tumbling down. History is about to repeat itself the same way the e-commerce bubble popped in 2000.

Lowering corporate tax rates allowed the prices of equities to skyrocket over 15 percent on average across the board, while artificial lowering of interest rates has done the same. Neither method is more than