Tax planning is an opportunity where you can look not only at having an investment that performs well and does great, but imagine if you’re in the 30th percentile tax bracket - and then you go ahead and save a dollar on taxes, you’ve made 30% on your investment immediately. Tax planning is just so important.
There are multiple strategies that you can utilize where you are minimizing the taxes that you are paying now, the taxes that you’re going to pay in the future, the taxes that you are paying in a transition as you move from one business to another or sell a business, acquire a business, as you maintain regular operations.
If you can control your taxes, then you have more money in your investment portfolio - you will be able to get to wherever it is that you’re going much faster because you have a 20-30% head start, and you can already go ahead and get out there.