Loopholes of the Rich
How the Rich Legally Make More Money and Pay Less Tax
by:
Diane Kennedy
in:
Personal Finance
Summary:
The book provides strategies and insights on how wealthy individuals utilize legal tax strategies to increase their income while minimizing their tax liabilities. It covers various aspects of tax planning, including investment choices, business structures, and the use of deductions and credits to optimize financial outcomes.
Key points:
1. Entity Use: "Loopholes of the Rich" suggests using corporations, LLCs, and partnerships for tax benefits like deductions and asset protection.
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