I was putting together some strategies for Outside the Box Tax Thinking (I’ll post that in my blog post tomorrow) when it dawned on me that I used that phrase all the time … but I wasn’t totally clear what “outside the box” actually meant. So I did a little research.
It all started with this simple little puzzle that was popularized by management consultants in the 1970s. The goal was to connect all nine dots by drawing four straight, continuous lines, while never lifting the pencil from the paper. If you’ve never seen this before, give it a shot.
In order to make this work, you have to move outside the constrains of the imaginary box. And, hence the saying about needing to think outside the box when you’re looking for new solutions.
Here’s one solution.
Please check back every day for more ideas on how you can use legal tax loopholes to pay less tax today!