The truth is that it is really hard to deal with taxes for most people from all around the world. However, the rich and powerful do not seem to have any problems. This is mainly because they do what some people say is tax evasion. The term does get a lot of negative press but what you should realize in this case is that we are talking about different ways in which taxes are avoided. While it is normal to pay over 20% in taxes on the money that you make every single year in the US, those that make over $1.5 million will pay much lower taxes.
The infographic below will tell you how the really rich people use various different techniques in order to avoid so many taxes. You will hear about methods that you surely know about like opening an account overseas or a company in another country and running money through that. However, other methods are not as popular or known, like trust freezing.
Obviously, most people from around the world are not going to be able to use such advanced methods to get rid of taxes. That is not because it is out of rich. It is mainly because you need to have a lot of money in order to be able to take advantage of some of these tax evasion techniques. You can easily learn so much about it from an accountant though. Just talk with someone that you trust and you will learn about various different ways in which you can actually get rid of many taxes. These techniques highlighted in the rich tax evasion infographic may be a little out of reach for you. However, others do exist for people that are in different financial situations. Just be sure that you learn all that you can about the opportunities available for you. Only work with those tax accountants that are experienced and that you can really trust. Not all of them are going to be trustworthy and will present great ways to reduce your taxes. However, those that are specialized in taxes normally offer such a service.
Source: Infographics Mania