Two years ago I made a pact with myself that I would read a little bit every night to relax before I go to sleep. I started with magazines, newspapers, executive summaries and pitch decks but found that they were too stimulating to my brain and so it took me too long to fall asleep. I moved to books but after a few all-nighters reading the likes of Unbroken, I course corrected again and cracked open one of the all-time greats: the U.S. Tax Code. Hey, don’t knock it ’til you’ve tried it. In 20 minute spurts, the IRS puts out a great and very useful read.
Only slightly embarrassingly, since my NYU School of Law days when Jerome Kurtz, former Commissioner of the IRS, was my Intro to Tax professor, I’ve always thought our tax laws were interesting — guess it is the most empirical evidence that a great teacher can make even the most seemingly boring subject exciting. Last week, I referred to a few provisions on at least a dozen occasions with people that are very active investors who weren’t aware of some of the amazing incentives designed to help launch businesses, so I figured I’d try to spread the word. If they don’t know about these opportunities, chances are most people don’t. Read more