Tax "Loopholes" Are NOT Worth It

0:00Avoid taxes? Not worth it. 90% of what's out there to avoid taxes is complete swamp land. It's literally illegal and it will eventually become unwound. And the 10% it takes you so long to sift through the 90 that you might as well take that time and just make more money. I had a friend who even was flying back and forth every single weekend to Puerto Rico so that he could get the 4% tax rate. But the more he found out, it's actually closer to 18% because there's a cost adjustment that has to happen. And so now he was doing it for a very small percentage. And so I just asked him one day, "Do you think if you didn't take 104 flights a year that you'd be able to take all that time and make up the 30% difference and not have to deal with all of that in the meantime?" He was like, "Yeah." And so he ended up moving back and making more money.