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Tax tricks of the rich that you should know

GOBankingRates Logo By John Csiszar of GOBankingRates | Slide 1 of 21: Wealthy people understand that it’s not how much money you make, but how much of that cash you keep. Earning a fat paycheck is fine, but it doesn’t mean much if you end up paying all that income back to the government in the form of taxes.
Smart accountants use every legal trick in the book to minimize taxes and help keep their rich clients wealthy. Even if you aren’t a billionaire, these strategies can help to lower your tax bill.
Last updated: Jan. 13, 2020

Tax tricks of the rich

Wealthy people understand that it’s not how much money you make, but how much of that cash you keep. Earning a fat paycheck is fine, but it doesn’t mean much if you end up paying all that income back to the government in the form of taxes.

Smart accountants use every legal trick in the book to minimize taxes and help keep their rich clients wealthy. Even if you aren’t a billionaire, these strategies can help to lower your tax bill.

Last updated: Jan. 13, 2020
© gianliguori / Getty Images/iStockphoto

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