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7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth

By Yahoo! Finance   |   Sep 8, 2024 at 01:35 PM EST
7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth

The wealthy utilize various tax loopholes to minimize taxes and maximize wealth, such as tax-loss harvesting, carrying forward business losses, investing in tax-advantaged accounts, private placement insurance policies, minimizing salaries, writing off business expenses, employing their children, and making charitable donations for tax benefits.

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