May 10, 2019

Teaching You How To Optimize The Current Tax Code

SMR 29 | Tax Code


How do you keep more of your money in your pocket and keep bad Uncle Sam away? One great hack is optimizing the current tax code. As we touch on the benefits of putting your money in the oil and gas sector, find out about the intangible drilling costs for gas and the concept of cost segregation. Moreover, be aware of the key to getting consistent fixed income for oil and gas and the employer-sponsored plan that will save you from a lot of trouble. On top of that, take time to appreciate the rise of new technology when it comes to drilling wells.

Listen to the podcast here:

Teaching You How To Optimize The Current Tax Code

Are you staying tuned in to what’s going on in the media? Are you tired of being involved? If you watch traditional Main Street news, it can be very depressing. I’m sick and tired of the political stuff on both sides of the aisle, the career left and right. These career politicians have got to go. To be in Washington, DC for 50 years, 40 years for some people, it’s crazy. It’s a power trip and I’m tired of them. I’m tired of the career bureaucrats here in the state. Career politicians are useless. Unfortunately, they get to make a lot of the laws that we have to follow. They like to make the rules they had to follow. They don’t abide by the same rules that they want us to live by, which is what is called a hypocrite. I had been very fortunate and blessed to be around some people who are a lot smarter than I am. I have plugged into what they were doing with their money that I’m doing with my money.

Part of that is keeping more of my own money in my pocket and keeping bad Uncle Sam out of my pocket. I’m associated with a couple of strategies and two of them are to deal with taxes. One is the oil and gas where you get a tax deduction for the year that you contribute to this. All we’re doing is going by Internal Revenue Code Section 263(c), 59(e), Internal Revenue Code Section 611, 613, 613(c)(6) and Internal Revenue Code Section 469(c)(3). These are tax laws on the books where you can make a contribution and get a deduction potentially up to 100% of the contribution. It depends on when these wells are drilled. There’s some risk involved with this anytime you put a drill bit in the ground 5,000 feet deep.

Our company does a great job of mitigating those risks. We have a pretty good track record. We don’t do this just for the tax deductions, the tax deductions come along for the ride. We’re thankful for the administration because they have accelerated some more deductions in this. Show me another investment where you can put in $50,000 and maybe get a $50,000 deduction. You can’t guarantee that’s going to happen. I can guarantee that you’re going to get a big tax deduction probably at least 80%. The law reads 85%. The administration with the tax laws, they pass some laws where you can accelerate that final 15%. It depends on each project, it’s different. It depends on when the wells are drilled and when you contribute your money.

The Hack To Reduce Your Taxes

Don’t forget the first 15% of income is tax-free every year into perpetuity of the wells. The whole goal is we want to drill these wells, do deduction, get some monthly income for a couple of years and sell the entire package. That’s what we do. There are ways to reduce your taxes to what you owe the government. It’s been around for close to 40 years, it has it been on the books. You have to know somebody doing it and I did this with my own money. I’m on every project that we deal with because if I’m going to talk about it, I have to be in it. I’m not like 99.9% of your traditional financial planners. I’m not a financial planner. Those guys will come in and look at your stuff and tell you because of your age and this and that, and you should be in this. I’m like, “Whatever, show me how to make money. Show me how I can lessen my burden every year to the US Treasury Department. I want to keep more money in my pocket. I want to be in a strategy where I can make some money.” You should be in it if you’re going to talk about it. You’re going to present it to someone. That’s just me.

I’m not going to tell you how great a Ford truck is when I drive a GMC or Chevy. I like to do business with my friends. I like to highly endorse when I believe in what they’re doing. I have a friend of mine in town. He owns several Smoothie Kings. I’ll drop pass a Smoothie King that he doesn’t own to go to one he owns because I want to support him. Maybe telling if the employees are messing around in there and not giving good service. If you’re looking for tax deductions, call me 202-SAGE. That’s 202-7243. The website is You can send me an email from there. I encourage you to do some research and just because your CPA has never heard about this does not mean it’s not real or that it’s bad.

We’re extracting more barrels of oil per day as a country than what we are using. Click To Tweet

In fact, I have met a few CPAs who are familiar with IDCs. That’s what we call Intangible Drilling Costs for oil and gas. The Internal Revenue Code Section that deals with IDCs is 263(c), 59(e). Go look it up. It’s real. They’ve definitely gotten this right. You can go back and look. Hindsight is always 20/20 because Ronald Reagan was instrumental in putting these laws on the books to encourage American independence of foreign oil. We just hit that. We were exporting oil now as a country. We’re still importing it as well. It’s weird that while we do that. We are extracting more barrels of oil per day as a country than what we are using.

Intangible Drilling Costs For Gas

Oil and gas are not going anywhere. It’s a great time to look at this. I follow the price of all per barrel fairly close. There have been ups and downs obviously. It’s roughly around $62 a barrel. Number one, are we going to hit oil? There’s a chance we can and there’s a chance we won’t. When you’re in multiple wells, the overall chance you’re going to make money is good. Number two, what is the price of oil per barrel? Number three, how many barrels per day are being extracted? If you don’t know, there’s a lot of oil and gas activity going on in East Feliciana Parish, West Feliciana Parish. Even the northern parts of East Baton Rouge Parish going over to Pointe Coupee, Saint Helena Parish and the southern parts of Wilkerson in the mid counties in Mississippi. The hot area is the Austin Chalk formation.

When you put on a drill bit in the ground, there are several formations that oil companies will target. Deep in the areas I just mentioned, there’s something called the Tuscaloosa Marine Shale. It’s deep. It’s costly to drill those wells. Sitting above that is the Austin Chalk. The Austin Chalk formation is hot and good in the Permian Basin, which is where most of our wells are. We have some also in East Texas. The three main companies that have come to our area are EOG, Marathon Oil and ConocoPhillips. All three of those companies have thousands of acres leased in the Parishes I mentioned with East Feliciana and West Feliciana being the main parts of that but also to Pointe Coupee, Saint Helena and northern parts of East Baton Rouge Parish.

All of this is leased. There’s a bunch of activity going on. It’s still a little early to see how productive the wells are going to be. There’s a ton of people who have got a bunch of money for leasing the land and my family is one of them. We haven’t leased our land yet. We originally leased in 2011 to Devon Energy and Goodrich Petroleum bought out those leases. They gave us the money for the two-year option after the first three-year lease was up. Wells were never drilled in our property, but we got bonus money. Bonus money is money we put in our pocket for no reason. The company that leased the land had the opportunity over a five-year period to go drill for wells that they wanted to. In fact, if you look back in 2014, the price of oil bottomed out at $28 a barrel. Whenever you’re drilling 15,000 feet deep, it’s expensive. In our wells, we’re not drilling that deep. We need a price of oil to be around $20 per barrel to break even for us. When you’re looking at receiving a tax deduction, looking at monthly income, if for some reason you don’t need the tax deduction, you can carry it forward up to three years, it’s a solid strategy to look at.

I’m talking about Internal Revenue Code Section 263(c), 59(e), depletion allowance Internal Revenue Code Section 611, 613, 613(c)(6), and the Passive Activity laws, Internal Revenue Code Section 469(c)(3). This is what oil gives us the deductions to deduct up to the amount that we put in, but it’s probably going to be around 80%. Each project is going to differ. Each project could give you up to 100%. It depends on when you put the money in and when the wells are drilled.

SMR 29 | Tax Code

Tax Code: By utilizing new technology, we create the potential to extract oil from wells that were previously thought to be non-commercially viable.


Myths About Oil And Gas

There are two myths about oil and gas. One of them is that the US oil supplies are dried up. Some wells have run dry, but they’re still an abundance of unextracted oil. In November of 2016, the USGS reported the largest estimate of continuous oil they have ever assessed in the United States, the oil reserve was found in a portion of Texas Permian Basin. It contains an estimated twenty billion barrels of oil reserves. By drilling in proximity to previously producing wells, we seek to increase the probability of finding extractable oil. Moreover, by utilizing new technology, we create the potential to extract oil from wells that were previously thought to be non-commercially viable. That’s called a work over. We also drill new wells as well. Whenever we lease property, they may have some wells that were shut in or capped in the ‘80s and ‘90s. We go work them over.

Rise Of New Technology

I’m explaining to a gentleman the technology for oil and gas has increased tremendously during the last fifteen years. When they would take soil samples, they would stick to drill bit in the ground a thousand feet deep. They were pulling soil samples every twelve feet. You could imagine they happen to pull a sample from a section and it showed non-extractable oil. They went up three feet, they wouldn’t know that. Maybe three feet above that section, there was extractable oil. They missed out because it was every twelve to fourteen feet, but now it’s every foot. It was things like older wells that were thought would be non-commercially viable, they are now. You’ve got to go in and rework them. We also mix those in with packages where we actually drill new wells. It’s a neat concept. It’s a way to get a nice tax deduction. There’s also a way to get a consistent fixed income as well.

The Key To Getting Consistent Fixed Income From Oil And Gas

Before we even ever drilled the wells, we go lock up the land. We have to lease the land just like ConocoPhillips, Marathon and EOG all did or they’re still doing in East and West Feliciana Parish, Saint Helena, Pointe Coupee, Northern EBR and Wilkerson in the mid counties. How do they get the money to pay the landowners the bonus money? Those three companies are publicly traded companies: EOG, Marathon Oil, ConocoPhillips. Let’s just say our company wanted to come into Ethel Louisiana. I absolutely love Ethel Louisiana. I will retire there one day. Beautiful East Feliciana Parish, I’m going to be up there with my friends, the Williams family who I’ve spent thousands of dollars at their stores over the years. I absolutely love that family, great hard-working family up there. Great people in East Feliciana Parish. They look like Ethel.

There was a post office up there, my grandfather owned 400 acres up there. He was in the thoroughbred race horsing business. As a child, I grew up going to the New Orleans Fairground into Evangeline Downs as a kid. I know a little bit more about horse racing than the average person. By no means I’m an expert but grew up with the track and my grandfather, he had thoroughbreds there. He needed some land, so in the mid ‘60s, he bought this land and built a house there. My dad, Hollis Day Sr. was the first one to pass away from my grandfather’s four kids. Me and my sister had my dad’s portion. We have some pine trees on it. We use it for hunting and this beautiful piece of land. Hopefully, we’re going to lease it pretty soon.

If I went to our old company that I worked for, I’m a salaried employee for them. I said, “Come look at these 400 acres.” For any private oil company, EOG, Marathon or ConocoPhillips, if they lease it, they have shareholders, they are a publicly traded company. We’re not. Where would we get the money to lease the land? It’s through a private equity deal. That’s what do we do. Before we drill, when we locate and we target an area, we want to lease the land. We don’t lease the land first hoping there’s oil there. We target areas looking at maps and geography. The oil and gas are so technical. We see who has the leases. There may be some other oil companies who own those leases. We’ll do some swapping. We’re buying from them. There are lots of things that go on behind the scenes.

The word 'optimize' means to make as effective, as perfect, or as useful as possible. Who would not want to optimize the tax code? Click To Tweet

If a small company wanted to lease our land in Ethel like us, the company I work for, where would they get the money? They get the money from me and you. They get the money from people who want a fix rated return, who understand how we do things. As an investor/lender, you’re lending this company your money and they’re going to pay you a rate of return. You have two options, either simple interest, which is monthly income or compounding interest, which is the worst, like a CD. You put your money in for one year, two years, three years and nothing happens until the end of that term. The simple interest is solid. It’s a way to get a monthly income. Some people use this monthly income to fund other things. The compounding is a great place to use for IRA or 401(k) money. If you want to keep some of the gains in the market and you want to look at this as a strategy, call me 202-SAGE. It’s 202-7243. Go to the website, You can send me an email from there. A one-year simple interest rate is 8%. The two-year simple interest is 8.5%. The three-year simple interest is 9%. Show me another investment because I meet with people all week long and they’ll say, “Hollis, my financial guy says there’s nothing already 9%.” I’ll say, “He’s a liar because this is already 9%.” He doesn’t know.

I don’t have a penny in the stock market. Everything I do, it may not be for you, but it’s working for me and my family. I believe in tax deductions. I believe in fixed interest rates. This right here, a one-year 8%, two-year 8.5%, three-year 9%, that’s not too bad. I understand that. You can’t put $100,000 in here and take your $9,000 a year that’s going to get paid to you monthly and go buy another home in the Caribbean Islands. You can’t do that. If you’re looking for a solid rate of return where the risk is mitigated, this is an option. The compounding interest for one year is 8.3%. The compounding interest for two years is 9.23%. For three years, it’s 10.28%. It’s not a home run but it’s solid.

When you look at the company, their literature and everything, you see how they do things, it makes sense. We’re doing the same exact thing the big companies are doing just on a much smaller scale. We’re not a publicly traded company. We’re the opposite. You’ve got publicly traded, we’re private equity. There are no tax deductions for investing in the land. It’s through a secured business loan structured with annual interest. You get monthly payments or compounding interest. It’s a secured business loan. That’s another way to be in the oil and gas sector. Oil and gas aren’t going anywhere anytime soon. I know there are some crazy lunatic, organic crazy politicians, who think we’re going to die in ten years. It could be a good time to take a serious look at this and see if it’s right for you to diversify some of your portfolios. The main thing is show me something else where you can contribute your money to something. I talk about basis as your principle where you can get a monthly income and not deplete the basis.

Optimizing The Internal Revenue Code

The word, optimize, to make as effective, perfect or useful as possible, to make the best of, who would not want to optimize the Tax Code? Did you know that the Tax Code is 86,000 pages? Who in their right mind can go through all that? I meet with people and all the time they run it by their CPA. Nine times out of ten, the CPA does not know about the parts of the Tax Code that I deal with, that I talk about on the show. Internal Revenue Code Section 263(c), 59(e), 611, 613, 613(c)6 and 469(c)3, all deals with contributing your money to oil and gas and getting a tax deduction. It’s optimizing the Tax Code. I’m in the beginning stages of writing a book and I’m going to have that word, optimize, somewhere in the title. It’s going to deal with four tax strategies that I don’t think are in the same book. It would be the first book of its kind. One of them I don’t participate in because I don’t own a commercial building. There’s something called cost segregation. It absolutely amazes me. I love talking about it. I’ve talked to some people who own commercial buildings. If you own a commercial building, call me and I will introduce you to the expert on this cost segregation. It’s a way to accelerate depreciation in your commercial building if you own rental properties. It’s in the Internal Revenue Code and not many people know about it.

Cost Segregation

Let me get back to the land. Old IRA money, old 401(k) money, it’s a great place to put this in the compounding part or the compounding interest one year 8.3%, obviously it’s very easy to understand. You put in $100,000, that’s $8,300. It’s 9.23% per year for two years. Three years, the compounding is 10.28% a year for three years. I encourage you to always be aware, always know what your basis is in any investment strategy you’re in. Most people do not, 99 out of 100 do not. I’ll meet someone and they may have $700,000 in the 401(k). They don’t know how much their basis is, meaning they’re not sure how much they put in because their companies had been matching. To know how good the fund is doing that you’re in and the strategies that you’re doing, you’ve got to know your basis because when people lost money, “It’s getting back to even.” It’s getting back to even because you’ve still been contributing to every paycheck of that. It’s getting back to even a little bit quicker than you think, but it’s not getting back to even as some of your contributions go into that. You should always know the basis of what you’ve put in.

SMR 29 | Tax Code

Tax Code: Always be aware and always know what your basis is in any investment strategy you’re in.


You can find all that out. You’ve got to do a little digging. Old IRA money, 401(k) money, if you’re looking for a way to get monthly income without going into the basis, to the principal, one year, 8%, two years, 8.5%, three years, 9%. There are probably places that you could do better than that. I know people that buy and flip houses that do better than that, but you’ve got to be on site. A lot of headaches. This is if you’ve got some lazy money sitting around, this is a great place to look at. It’s a great way for some of your money to be in strategies directly in oil and gas.

If you want to go to your financial guy and be in oil and gas, everything is going to run through Wall Street. You could go to TD Ameritrade and buy some stocks directly for publicly traded companies, buy some mutual funds that are maybe energy heavy. Get some master limited partnerships. I like those as well. I’m not in those. I don’t turn my nose up to those as much I do direct stocks. I encourage you to do your own research, investigating and see what’s out there. This is a secured business loan. As an investor/ lender, you are lending this company your money. Each business loan is secured by pari passu security interest in project loan documents perfected via UCC Financing Statement in favor of each lender. Perfected liens are created when the lender files a UCC statement with the appropriate authority, commonly the office of the Secretary of State.

This statement specifies the collateral which secures a loan and gives the lender precedents in the collection process if the borrower defaults. Unperfected liens leave lenders open to the possibility that other creditors can make a claim against the collateral. The project loan will be secured by liens against the real and personal property of the sponsor. There’s risk involved. That is a way that we mitigate the risk. I encourage you to get educated about that. If you’re looking for a way to optimize the Internal Revenue Code, optimize it. That’s what I’m doing. I want to pay the government as the least amount as possible because the government is terribly irresponsible with money. We’ll be giving them a compliment.

Employer-Sponsored Plan

We are overtaxed as citizens and there’s a lot of waste. I want to keep as much as my own money as I can because it’s my money. I paid tax on the income. I pay tax when I get gas. I pay tax on a gallon of milk. I pay tax on the food I buy. I pay tax on everything. I pay tax if I die. There is a tax on everything. What’s wrong with keeping more of your money? Nothing. If you think we are not taxed enough, I highly encourage you to pay the US Department of Treasury money. They probably will not deny your contribution. Don’t waste your time calling me because we probably won’t get along. We’re overtaxed. The strategies that I deal with are in favor of optimizing the Internal Revenue Code. If you own a business, there’s an employer-sponsored plan for owners and/or key executives. The primary object of this plan is to provide tax-favored long-term cash accumulation and income distributions in a conservative vehicle.

I have changed gears from the oil and gas. I am onto something else. This vehicle can provide better results than an alternative investment earning 8%. This is key right here and this blew my mind. I’ve just learned about this. I’ve been doing my own research. I’ve talked to two different tax lawyers. It’s about oil and gas to me eight years ago, maybe to you now. Each annual contribution is fully deductible by the employer and only partially taxable to the participant. Asset growth is in the cash value and therefore tax-deferred. The policy is distributed to the participant at plan termination at which time a portion of the cash is taxable. This is not an annuity. I’ve never sold an annuity. I’m not a fan of annuities. I don’t like annuities. Fully tax-deductible contributions are made by the business to this vehicle for a select group of participants. Of this, a portion is considered taxable income to the participant. The remaining contribution funds this vehicle and is not considered taxable income to the participant.

We are so overtaxed as citizens and there's a lot of waste. Click To Tweet

Who can participate in using this vehicle? This plan is available to anyone with earned income whether they’re from an S corporation, partnership or other business entity. This vehicle is not a qualified plan so participant limits and test do not apply. Contributions to this vehicle do not impact any qualified plan contribution. Each participant in this vehicle can select their own level contribution regardless of what other participants contribute. This is my point, it’s a way to get a tax deduction right now and to get tax-exempt income later on. I’m a big fan of tax-exempt income. That’s what I called bucket four. Bucket one is the 401(k) IRA. You have kicked the tax can down the road in a 401(k) IRA SEP. Bucket two would be considering capital gains. Bucket three would be municipal bonds tax-free. Bucket four is tax-exempt, meaning it’s not going to go towards your Social Security income. Your Social Security income will not be double taxed. If you didn’t know that, the government is sneaky and corrupt. They have something called provisional income, but it’s a double tax on Social Security if you did not know that.

I will throat punch the congressmen, all of them, who passed this sneaky little corrupt law to double tax our Social Security. The reason they did that because those pieces of garbage, who passed these laws, congressmen don’t put in Social Security. They have their own little pension plan. If you’re a US senator and serve one term, you’re set up with a nice pension for the rest your life when you hit a certain age. All of these laws that these politicians have, they’re all garbage. The whole DC is going to be wiped out and start over because there’s too much corruption going on. Our government is too big.

I’m a very pro-limited government person. When I find little nooks and crannies to lower my tax burden to Uncle Sam, I do them. This is what the ultra-wealthy are doing. I’m not wealthy, much less ultra-wealthy, but I’m doing what they’re doing just on a much smaller scale. If you’re looking for a way to get a tax deduction and you’re a business owner, call me and let me show you this vehicle I’m talking about. This vehicle is an employee benefit plan that provides a 100% corporate tax deduction and only a partial current income inclusion resulting in a significant net current deduction to owner-employees. This vehicle is not governed under other Tax Code sections. These code sections do not have certain limitations.

What type of corporate entities are able to fund this vehicle? C corporations, S corporations, LLCs and partnerships may set up this vehicle. Sole proprietorships cannot. Is there an annual contribution limit? It’s tied to reasonable compensation. This would typically allow high income earning business owner to contribute several hundred thousand dollars per year or more. It’s pretty awesome when you can deduct 70% of that and the money is tax-free, you can take it out. Why doesn’t everyone do this? It’s not for everyone. The plan funding period in any planning extension must be no less than five years.

I’m still learning about this. It is everything I have read and everything I have. I checked out with my tax lawyer here in Baton Rouge, a proposal request which is one page. It will get your name, name of the company, your birthdate, your income, your proximate net worth, the type of corporate entity if it is an S corp, C corp, LLC or partnership. If it’s an LLC, do you file an 1120(c), 1120(s) or 1065? Owner partnership, I don’t know if that’s something you can fund and get a 70% deduction and they get taxed. The oil and gas, you can get up to 85% deduction. Only the first 15% of the income is tax-free. In this vehicle right here, it’s all tax-free.

SMR 29 | Tax Code

Tax Code: The land side of the oil and gas has tax advantages. There are no tax benefits for that, just a consistent rate of return.


In fact, you don’t even report it on 1040. If you are a business owner, I encourage you to take a serious look at this. My mother passed away on June 22nd of 2006. She died from ovarian cancer at 54-years-old. My mother was a vegetarian. She was an aerobics instructor, a registered nurse. I’m twelve years away from that and you just never know. My son who is a sophomore in high school, two of his very close friends, both buried their moms up in Mississippi. That one was a very unexpected death, very sad, very phenomenal family. If you’re a Christian, this is not the final stopping point. It is heaven. I’ve gotten into intermittent fasting and it’s been helping me. I got a little belly fat. It’s called visceral fat, that one of my good friends who’s a physician here in town basically just said, “You’ve got too much visceral fat.” I’m like, “What is visceral fat?” I looked it up. I got a little too much, so I’ve been doing some intermittent fasting and trying to get healthy, trying to stay healthy with my health and trying to stay healthy with my wealth. Part of staying healthy with your wealth is truly optimizing the Internal Revenue Code.

If you’re a commercial business owner, call me and I will make the introduction for you for cost segregation. If you work for someone, you have money, you want a tax deduction and you want to put your money somewhere where you could earn money, but you get a tax deduction now, it’s the perfect place for oil and gas. The land side of the oil and gas, there are tax advantages. There are no tax benefits for that. It’s just a consistent rate of return. This strategy here, you can put money in, deduct up to 70% of it and receive tax-free income down the road. President Trump has passed something called opportunity zones. Our oil and gas company, we do some commercial real estate investing too. We’re doing some of this, I don’t know the specifics of it yet. It’s not going to be around very long. It’s a way to slash some of that money you owe to the government for taxes in the land of the free. There is one very unique way to cut your taxes that we discussed. Everyone ought to consider this because this benefit won’t be around forever if the Bolsheviks have anything to say about it.

Opportunity zones are areas within the United States including Puerto Rico and the District of Columbia that meets certain qualifications as being economically underdeveloped. Changes to the Tax Code allow investors to roll their gains into various opportunity zone investments with some extraordinary benefits. Let’s say you’ve been investing in something simple like Apple stock. You bought $10,000 shares of Apple in late 2012 at around $80 a share for a total purchase price of $800,000. The stock price is now around $200. Your shares are worth $2 million, meaning you made $1.2 million capital gain. The new tax rules allow you to take that $1.2 million worth of gains and make qualifying investments into opportunity zones. You will not have to pay capital gains tax on that $1.2 million for another seven years. When you do, you pay a reduced rate. More importantly, any additional gains you make on that $1.2 million through your opportunity zone investments will be tax-free forever, plus the type of investments that qualify are far-reaching. You could start a business, develop real estate, all sorts of options.

Real estate in the opportunity zone is already doing extremely well. A report by Zillow showed that real estate prices and opportunity zones have increased by more than 20% since the legislation was passed in late 2017. In fairness, that’s 20% increase up from a very low level. Real estate prices in opportunity zones were already depressed and far below more economically developed areas. There’s a lot more room to grow. The Economic Innovation Group estimate that there are trillions of dollars in capital gains that could be invested in opportunity zones. If even a fraction of that gets invested, it will have a substantial effect on real estate prices in those areas.

Anyone can buy a property in an opportunity zone regardless of whether or not you’re a US citizen, so this is definitely something to think about. I do think there’s a strong chance that the Bolsheviks shut this program down once they come to power, which could potentially be during the next US presidential election. The Bolsheviks, if you know what I’m talking about, that’s the far left radical, elite, idiotic lunatic, organic politicians, who want to tax the air you breathe. They’re already trying to tax rainwater in Pennsylvania. They want to tax property owners every time it rains because the rain hits the driveway, hit your yard and runs the toxins in your yard into the public water system. It takes the government to clean it out. That’s just crazy.

Baton Rouge had some opportunity zones. I’m not familiar with them, but I know they do. There are some real estate developers who have taken advantage of this opportunity. It’s about education. A lot of the ultra-wealthy people have some very good high paid tax lawyers whose job is to keep them abreast to a broad of areas to lessen their tax burden to bad Uncle Sam. That’s what I want to do. That’s what I talk about on this show, optimizing the Internal Revenue Code. I will show you exactly what I’m doing with my own money. Call me, 202-SAGE. That’s 202-7243. Go to the website, You can send me an email from there. I hope you have a blessed day. God bless you. God bless the USA.

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