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How billionaires get away with paying less income tax.
personal finance :: 1day ago :: source - yahoo finance
By Hal Bundrick, CFP®
While many Americans sweat income tax time, for billionaires, it's barely on the calendar. That's because for the very richest, income plays a minor role in wealth. To lower tax liabilities, billionaires reduce their actual income to a trickle, while living off the fortune they’ve amassed in appreciating assets: stocks, real estate, and the often rapidly growing companies they own.
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