Forbes has published an article, “How Ordinary Americans Can Also Buy, Borrow, And Die Without Paying Taxes”, which discusses how strategies that wealthy Americans use to pay less taxes every year that normal Americans can adopt as well. The article begins as follows:
It’s commonly said that earning your first million dollars is the hardest, and that building wealth from that point forward becomes a lot easier. This is definitely true. After all, having seven figures of invested assets or net worth makes it easier to earn money through compounding, or to borrow so you can earn even more money in other ways.
If you inherited your millions, then that first stepping stone of wealth was handed to you on a silver platter. Either way, wealthy Americans already know all of this, and they frequently plan their estates so their heirs will have a huge leg up in life.
Click here to see the full article: “How Ordinary Americans Can Also Buy, Borrow, And Die Without Paying Taxes”
Posted by Anthony Tran, Associate Editor, Wealth Strategies Journal