Decrease-income taxpayers can face excessive tax charges if most of their earnings come from wages, whereas billionaire like Warren Buffet paid solely 17.4 % of his taxable earnings in federal earnings taxes. Anyway, our tax code could be unfair towards the center class however you possibly can study the tax technique from excessive earners to reduce your taxes. Listed below are 4 high-earner tax suggestions which will assist middle-class filers:
- Itemize
- Donate issues along with money
- Benefit from well being saving accounts
- Personal actual property for those who can afford it
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