Here are 6 ways the rich save big on taxes, from putting mansions in trusts to guaranteeing inheritance for future generations
newscatcher
2023-09-04 16:41
Here are 6 ways the rich save big on taxes, from putting mansions in trusts to guaranteeing inheritance for future generations
The wealthiest taxpayers have many tools at their disposal to pay less to Uncle Sam. Some tactics, like donating to charity via trusts, might seem far-fetched but are perfectly legal. Lawyers and bankers to the ultra-rich told Insider how these rarified techniques work. Thanks to tax cuts made during the Trump administration, Americans can give or hand down nearly $13 million in assets without paying federal estate tax. Only 0.2% of taxpayers have to worry about this tax, and they hire top-notch accountants and lawyers to pay as little as possible.

https://finance.yahoo.com/news/five-ways-rich-save-big-023512497.html

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