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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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5 Tax Forms to Look Out for in Early 2024

The Motley Fool

Image source: Getty Images Like it or not, we're getting to the point of the year when it's time to start thinking about taxes. Although the filing deadline is April 15, the IRS will begin accepting tax returns on Jan. And filing your taxes early could mean getting your refund sooner, if you're entitled to one.

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Here's Why a Roth IRA Offers Incredible Tax Savings in Retirement

The Motley Fool

Taxes in retirement can become complicated fast with income coming from several sources. A Roth IRA can help simplify your taxes while offering incredible savings. Opening up an account sooner rather than later can help you position your finances to keep your tax bill low in retirement. First is when you pay taxes.

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Paying Taxes on Social Security Benefits: 3 Pitfalls for Retirees to Avoid in 2024

The Motley Fool

Taxes on Social Security can be extremely complicated, and there are some big pitfalls you could find yourself falling into if you're not careful. It's important to understand the basics of how taxes on Social Security work. So keeping your combined income as low as possible is necessary to avoid taxes on Social Security.

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Bain Capital Postpones $700m Virgin Australia IPO Until Next Year

Private Equity Insights

Bain Capital has put off its plans for an initial public offering of Virgin Australia airline to next year, a person with knowledge of the matter said on Tuesday. Bain Capital declined to comment. read more The post Bain Capital Postpones $700m Virgin Australia IPO Until Next Year appeared first on Private Equity Insights.

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4 Vanguard ETFs That Can Serve As a Complete Income and Capital Appreciation Portfolio

The Motley Fool

Some Vanguard ETFs that pay dividends have demonstrated the rare ability to provide both steady income and capital growth without relying on reinvesting the dividends. These four funds would have delivered the following results for an initial capital outlay of $250,000 per fund invested 10 years ago.

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3 Vanguard ETFs That Can Provide Lifetime Passive Income

The Motley Fool

These funds typically boast lower turnover rates compared to actively managed alternatives, a characteristic that substantially reduces investors' tax liabilities. To put this into perspective, a $10,000 investment at the fund's launch, with dividends reinvested and assuming no tax liabilities, would have burgeoned to $69,250 today.