Tax loopholes and strategies the rich don’t want you to know

Updated

Wealthy people understand that it’s not how much money you make, but how much of that cash you keep. Earning a fat paycheck is fine, but it doesn’t mean much if you end up paying all that income back to the government in the form of taxes.

Smart accountants use every legal trick in the book to minimize taxes and help keep their rich clients wealthy.

Even if you aren’t a billionaire, click through to find strategies you can use to lower your tax bill.

This article originally appeared on GOBankingRates.com: Tax Loopholes and Strategies the Rich Don’t Want You to Know

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