Toddsterpatriot
Diamond Member
Correct. My small corporations were not a tax shelter. That's my point. Not taxing capital gains makes capital gains the ultimate tax shelter.
A tax shelter is any legitimate financial strategy, investment, or account used to reduce your taxable income and lower your overall tax bill. While the term sometimes has a negative connotation, millions of people use everyday tax shelters, such as standard retirement accounts and health savings accounts, to legally keep more of their hard-earned money.