How I Avoid Taxes as a Millionaire

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Most tax strategists use their skill sets to help their clients save money in taxes while remaining in full compliance with tax laws. However, even though tax strategists use their skills to help their clients, many of them also use their favored tax strategies to reduce their own tax bills.

In this video, tax expert Karlton Dennis explains exactly how he avoids taxes as a millionaire. He explains the top tax strategies that he and his wife implement on a regular basis to dramatically reduce their tax burden. Tax strategies that he discusses include multifamily real estate investing, oil and gas investing, management companies, and more.

Hearing exactly how a tax professional applies tax strategy can be highly beneficial for anyone who wants to learn more about saving money in taxes. So, if you are interested in learning more about leveraging the tax code to the fullest extent to cut your tax bill by 50-100%, this is a good video for you to watch.

CHAPTERS
0:00 Intro
0:33 Who Is Karlton Dennis?
1:09 Strategy #1: Get on Top of Your Taxes at the Beginning of the Year
2:18 Strategy #2: How to Invest to Save Money on Taxes
3:47 Strategy #3: Income Shifting Strategies to Save on Taxes
5:24 Strategy #4: Advanced Tax Strategies for High Income Earners
5:42 Solar Energy Tax Credits
6:34 Oil and Gas Tax Credits
7:30 Strategy #5: The Management Company Strategy for Tax Savings
8:11 Outro

*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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