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- To do your taxes like the rich, you must first identify your taxable income and then determine which tax bracket you fall into.
- One way to protect your money is by making a conversion from a traditional IRA to a Roth IRA, as you will enjoy tax-free benefits later on in life.
- Pay attention to the 2018 tax law changes, and make use of the deductions and benefits you are entitled to.
You don’t have to own a small island or a luxury jet to take a (legal) hint from how millionaires and billionaires protect their money from taxes. Here are three ways you can navigate your own taxes like the wealthy do:See the rest of the story at Business Insider
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