4 Tricks Wealthy People Use to Reduce Taxes - you can try them too!
The more money you have the more tax planning you can do with it, but you don’t have to be in the top 1% of income earners to incorporate these tried and true tax strategies into your own planning.
You might think that the wealthy have all the answers to making more money while reducing their tax bill. From using offshore tax shelters to trust funds it seems the opportunities for them dodge the tax man are endless. Tax lawyer Dale Barrett says "There are numerous legal ways for the average tax payer to reduce their taxes depending upon the amount of money that they have to work with and their present and future employment status. If you are a wealthy person or corporation you can take advantage of different tax structures and levels, but even if you are not part of the 1% you can still incorporate some of the tried and true tax strategies in to your own planning."