How to Reduce Taxes (So You Can Pay Taxes Like the Rich)

How to Reduce Taxes (So You Can Pay Taxes Like the Rich)

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February 09, 2014

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How to Reduce Taxes (So You Can Pay Taxes Like the Rich)


Do rich people pay a smaller percentage of taxes on their income than you do? Probably. Learn how to reduce taxes so you pay less too.

How to Reduce Taxes Video Transcript:

You may have heard talk recently about how sometimes, extremely wealthy people manage to pay a smaller percentage in taxes than hardworking Americans do. While you may not be wealthy yet, there’s nothing wrong with trying to minimize the amount of taxes you pay on your hard-earned income. One of the best strategies I can recommend is to open and contribute to a Roth IRA.

A Roth IRA is a type of savings vehicle that allows you to have tax benefits later in life, when you retire. Those benefits are that you contribute money today with after-tax dollars. Meaning if you c...



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