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3 Completely Legal Ways You Can Avoid Paying Taxes

The Motley Fool

Image source: Getty Images Most of us would probably agree that taxes are a drag. And the bad news is that it's pretty difficult to get out of paying taxes completely. They're completely legal. Read more: we researched free tax software and put together a list of the best options here 1. So that's not ideal.

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Blackstone leads $2bn deal for PE-owned accounting firm

Private Equity Insights

The private equity giant, managing $1 trillion in assets, is purchasing the stake from New Mountain Capital, Citrin Coopermans previous majority owner. The firm is a trusted advisor to more than 15,000 clients globally through its tax, advisory and accounting services. ” Terms of the transaction were not disclosed.

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Retiring Abroad? 3 Important Tax Implications to Consider First

The Motley Fool

This article is intended for educational purposes only and is not legal advice. But those riches can come at a cost, especially if you're not hip to the tax laws you're beholden to, both here and in your new chosen land. tax return every year. tax return every year. Below are three broad considerations to keep in mind.

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Here Are 8 Ways the Richest Americans Avoid Paying Taxes

The Motley Fool

Image source: Getty Images Have you ever heard that multi-billionaire Warren Buffett pays a lower federal income tax rate than his secretary? Many ultra-wealthy American households pay surprisingly low effective federal income tax rates, and in some cases, no taxes at all. No tax breaks are designed to only benefit billionaires.

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Joe Biden Wants to Tax the Rich to Save Social Security, but This Isn't as Cut-and-Dried a Solution as You Might Think

The Motley Fool

million survivors of deceased workers, could exhaust its asset reserves by 2033. Should the OASI's asset reserves be depleted, sweeping benefit cuts of up to 23% may be needed to avoid any further reductions through 2097. Rising income inequality , with a greater percentage of earned income escaping the payroll tax. payroll tax.

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Immigration Is One of Social Security's Biggest Problems -- But Not for the Reason You Might Think

The Motley Fool

million survivor beneficiaries each month, will exhaust its asset reserves by 2033. Should the OASI's asset reserves be depleted, sweeping benefit cuts of up to 21% may be necessary to sustain payouts through 2098. payroll tax that primarily funds Social Security. The OASI's asset reserves are forecast to be depleted by 2033.

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5 Reasons to Seriously Consider Using a Living Trust to Pass an Inheritance to Your Family

The Motley Fool

The phrase "trust fund" might conjure images of a spoiled teenager, but trusts are powerful legal documents that many people should consider when estate planning. Living trusts dictate the distribution of someone's assets, and are created while that person, called the grantor, is still alive. Image source: Getty Images.

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