Ways the Richest Americans Avoid Taxes
Ways the Richest Americans Avoid Taxes

Ways the Richest Americans Avoid Taxes

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30 min
Business & Finance
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<p class="MsoNoSpacing"><span style= "font-size: 14.0pt; font-family: 'Arial',sans-serif; mso-bidi-font-style: italic;"> Scott recently came across an article that discussed 8 ways the richest Americans avoid paying taxes. While many might think that these strategies wouldn’t apply to their financial situation, we’re going to discuss how you can apply these tactics to potentially reduce your taxes. Stay tuned as Scott breaks down these 8 strategies!</span></p> <p class="MsoNoSpacing"><strong><span style= "font-size: 14.0pt; font-family: 'Arial',sans-serif; mso-bidi-font-style: italic;"> Here are the 8 strategies that we’ll discuss: </span></strong></p> <p class="MsoNoSpacing" style= "margin-left: .5in; text-indent: -.25in; mso-list: l0 level1 lfo1;"> <!-- [if !supportLists]--><span style= "font-size: 14.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: Arial; mso-bidi-font-style: italic;"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt 'Times New Roman';">  </span></span></span> <!--[endif]--><strong><span style= "font-size: 14.0pt; font-family: 'Arial',sans-serif; mso-bidi-font-style: italic;">No Taxes on Unrealized Capital Gains:</span></strong> <span style= "font-size: 14.0pt; font-family: 'Arial',sans-serif; mso-bidi-font-style: italic;"> Both billionaires and regular investors with investment gains can utilize the strategy of not paying taxes on unrealized capital gains as long as they hold their assets without selling them.</span></p> <p class="MsoNoSpacing" style= "margin-left: .5in; text-indent: -.25in; mso-list: l0 level1 lfo1;"> <!-- [if !supportLists]--><span style= "font-size: 14.0pt; font-family: 'Arial',sans-serif; mso-fareast-font-family: Arial; mso-bidi-font-style: italic;"><span style="mso-list: Ignore;">2.<span style="font: 7.0pt 'Times New Roman';">  </span></span></span> <!--[endif]--><strong><span style= "font-size: 14.0pt; font-family: 'Arial',sans-serif; mso-bidi-font-style: italic;">Charitable Deductions:</span></strong> <span style= "font-size: 14.0pt; font-family:

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