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There are a lot of folks that pay no taxes. I know a great many of them. All of them are multi-millionairs. It all depends on how your income is structured and the why you have it invested. Do it right with the help of CPA's that know what they are doing and you, too, can make a million a year and pay no taxes.
And none of these folks cheat or hide their money. They take enough to live on, invest the rest, and invest in areas that allow for tax breaks that drive their taxable income to zero.
I think this is why the IRS is doing fewer audits of the wealthy among us. The wealthy finally broke down and hired some real brains to help them instead of trying to be the smartest person in the room and thinking they could out fox the IRS.
This is a lot easier than you might think. It all comes down to: The US Government wants you to invest in America and is willing to make it worth your while by giving you tax incentives to do so. Not tax breaks, tax incentives. They are there for the taking and any CPA can help you out with this.
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