Three Powerful Tax Credits the Rich Use to Save Millions

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Many people are aware that the ultra-wealthy use powerful tax savings strategies to dramatically reduce their tax burdens. However, even though they know this, many people have no idea what techniques and strategies the wealthy actually use to save a fortune in taxes.

In this video, tax expert Karlton Dennis goes over some of the key tax moves that the wealthiest 1 percent of Americans use year-in and year-out to save a tremendous amount of money in taxes. He not only explains what these strategies are, but exactly how they work to reduce tax.

So, if you have been wondering how it is possible for the richest Americans to pay lower tax rates than many average earners, then this is the video for you. It is possible to implement a lot of these tax strategies without necessarily having to be a high earner or be a part of a high-earning family.

Timecode
0:00 Video Overview
0:23 How the Rich Use Income Shifting to Save Big
1:23 How Depreciation Helps the Wealthy Cut Taxes
2:19 Slash Your Tax Bill with 4 Effective Tax Credits

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

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