It is also not true that one must have a receipt or pay 40-50% in taxes. The tax code is written for both kinds of people. Those who pay taxes and those who do not. Guess which side the rich are on? They use Asset Protection…to defer and reduce…tax liabilities and anyone can do it…Do not be misled. Consult an ASSET PROTECTION ATTORNEY and forget the rest of what you hear and read. [Consult your tax professionals and APA at the appropriate time to build a tax strategy that’s right for your unique circumstances]