Tax Tips for Millionaires: 3 Simple ways to avoid paying taxes

The majority of people earn money through regular jobs that pay hourly wages or regular paychecks. Distinct countries have different laws, yet they all have the same basic structure.

The wealthy find a means to avoid paying them. Even though ordinary individuals are taxed, data show that the vast majority of millionaires and billionaires either do not pay any taxes or pay very little.

Even though regulations are in place to make high earners pay more taxes in proportion to their income, the exceedingly wealthy are always exempt. How? We will see.

Welcome back to the Core Finance channel. In today's video, we will talk about 3 ways how millionaires avoid paying taxes. Before we start, like and subscribe to our channel. Turn on the notification so you don't miss more videos like this.