10 Ways The RICH Avoid Paying Taxes (And YOU Can Too)

Video Description

Would you like to learn more about tax strategies and talk to someone? Schedule a free consultation here: https://aba.link/8rx Let's discuss 10 tax strategies that the rich use to optimize their finances and that you might want to consider for yourself. Retirement savings aren't just about IRAs and 401(k)s. The rich often invest in defined benefit plans, allowing them to contribute significantly more—sometimes over $500,000 a year! These strategies are about understanding and leveraging the incentives within the tax code to your advantage. Throughout the video, I'll break down each of these strategies and more, helping you understand how you can legally reduce your tax burden and keep more of your hard-earned money. Feel free to leave your questions and comments below. We love hearing from you and are here to help you on your financial journey. 🔔 Don't forget to subscribe for more insights on real estate investing and business strategies! Show Notes: 0:00 Intro 2:57 Retirement Accounts 5:45 Tax Deferred Investments 8:45 Loss Harvesting 12:25 Real Estate 17:43 Charity 22:33 Trusts 25:18 Businesses 30:32 Tax-Free Bonds 32:59 Life Insurance 38:13 Tax Efficient Funds --------------------------------------------------------------------------------------------------------- SUBSCRIBE https://aba.link/subscribe ~~~~ FREE TAX & ASSET PROTECTION WORKSHOP Register for an upcoming workshop today if you want to protect your business and personal assets from snoopy lawyers and creditors. Save Your Seat: https://aba.link/0bb TAX TUESDAY LIVE Join us every other Tax Tuesday, where you can have your tax questions answered live by our experts entirely FREE. Register Now 👉 https://aba.link/2wr Infinity Investing Join our Infinity Investing Basic Membership for FREE and start your financial education journey. 👉 https://inf.link/vkz OTHER ANDERSON ADVISOR EVENTS Learn a rich selection of subjects like tax and asset protection, business, investing, and more. Our attorneys and other skilled experts will help you learn what you need to know in order to better your chances of success in your professional life. https://aba.link/tobyevents ~~~~ FINANCIAL PLANNING & TAX RESOURCES 📚 Order Your Copy of "Infinity Investing: How The Rich Get Richer And How You Can Do The Same" Here: 👉👉 👉 https://aba.link/IIWbook Order Your Copy of ”Tax-Wise Business Ownership" and find greater success by taking advantage of tax laws for your business. Here 👉 https://aba.link/tobyshop Visit Anderson Advisor's website for content, like articles, podcasts, and more that we publish alongside my channel. 👉 https://aba.link/tobyaba ~~~~ FOLLOW US: Instagram: https://aba.link/instagram Facebook: https://aba.link/facebook Twitter: https://aba.link/twitter LinkedIn: https://aba.link/linkedin TikTok: https://www.tiktok.com/@tobymathisesq ~~~~ CONTACT US Phone: 800.706.4741 Email: [email protected] Fax: 702.664.0545 ABOUT TOBY MATHIS Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba --------------------------------------------------------------------------------------------------------- WARNING: I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name, and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture. The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. #richmindset #taxreduction #taxation