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2min chapter
Get a Free Day Back Every Week with WD Wealth’s Tax Strategies
Capability Amplifier
How to Save Taxes on Income Millions
The first is the tax bracket reducer strategy. When we meet a high-income earner, typically they're coming in at a tax rate of 40%. We make it a goal to try and get that down to about 24%. If taxes were 20%, 24%, they'd be comfortable paying about 10%, 10%, 10% that would be a fair share. Do we hear? Maybe 15 on a good day. That's what the ocean view keep going on. And even those dollars in that investment growth will be tax efficient as well. So we, we saved them 500,000 in taxes, which they invested and they won't pay taxes on those dollars.
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