Why Are the Ultra-Wealthy So Good at Avoiding Taxes?
While many in the media, as well many lawmakers on the left, would have you believe that the nation’s wealthiest individuals are really good at skipping out on their taxes and that they don’t pay their fair share, the fact is, in most cases, that’s not true. Yes, it is true that many of he richest people in America pay fewer taxes than most of their employees. However, they use perfectly legal means to accomplish that.
So to be clear, while the rich might pay less than some people think is fair, that does not mean they cheat on their taxes. In fact, the rich manage to achieve this feat simply by doing one of two things. They either know how to manage their money and finances very well, or they hire someone to do it for them. Tax planning is an art, and when done right the nation’s wealthiest individuals avoid paying more than they legally have to.
Again, they are not cheating they are just being smart. There are several methods the rich, and their tax planners, use to keep their tax bills down. Whether it’s through prudently managing capital gains, modifying your income, using proper borrowing strategies or through tax deferral, all these measures are legal and will keep your tax bill down.
If you count yourself among the nation’s wealthier class and you are looking for ways to save more money on your tax bill, then you should contact GROCO. We have been helping wealthy individuals manage their money and plan for their taxes for decades and we can help you too. Please contact us for more information by clicking here or give us a call at 1-877-CPA-2006.
Muse Me: Making “Old Art” Cool | Heather Gokhman
Heather Gokhman is a member of the International Society of Appraisers, holds a Masters degree in Art Business from Sotheby’s Institute of Art in New York City, and a Bachelors degree in Art History from the University of Southern California. Prior to opening State of the Art Appraisals, Heather was a partner at EG Art Brokers, a fine art appraisal and auction brokering company and Assistant Director at contemporary art gallery, Avran Art, in Laguna Beach. Heather has also worked at Montgomery
Transforming Ag Extensions in India: A Moment with Rikin Gandhi of Digital Green
Rikin Gandhi is chief executive officer of Digital Green. Rikin’s interests include sustainable agriculture and technology for socioeconomic development. He co-founded Digital Green as a research project in Microsoft Research India’s Technology for Emerging Markets team and now leads the spin-off of Digital Green that works to amplify the effectiveness of agricultural development globally. Rikin is a licensed private pilot and received patents for linguistic search algorithms that he helped
Why Venture Capital is Exciting and Rewarding | Robin Li
Robin Li is a VP at the GGV Capital Silicon Valley office. She focuses on investments in ecommerce and consumer internet. She is a member of the board of directors for Lively and is actively involved with Boxed, Bustle, Function of Beauty, musical.ly, Ibotta, OfferUp, Poshmark, Xiaohongshu, Yamibuy, and more.Prior to joining GGV, Robin worked at Flextronics’ Venture Arm covering hardware and technology investments and at Qiming’s Beijing office. Before venture capital, she spent three years at
Gaining the Trust and Confidence of those Around You
Gaining the Trust and Confidence of those Around You Whether it be in business or everyday life trust and confidence are key ways of how we interact with others. Building trust with your boss could land you that next promotion or show people that you are someone they can count on or could open doors…