Information and knowledge are two different things

Information and knowledge are two different things

Mark Twain once said, “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” And we totally agree with that. When it comes to mitigating tax, you need to understand the importance of knowing what you don’t know.

People who are smart often overestimate what they know, and this tendency can grow, particularly if they are financially successful. This may lead to missed opportunities to save tax because they believe they know better.

Or as Henry Kaufman, the noted economist pointed out, “There are two kinds of people who lose a lot of money; those who know nothing and those who know everything.”

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