Have you ever wondered how the rich can earn so much money and pay so little in taxes? It may seem unfair. Warren Buffett, for instance, has openly said that he pays a lower tax rate than his secretary. The rich have quietly kept the secret to themselves. The secret is out now, and here is how you too may be able to use the tax reduction strategies of the very rich.
The wealthiest 400 people in the United States only pay taxes at an average rate of 8.2 percent, according to a 2021 report. The average American, however, pays a higher tax rate.
