How to keep your money if you make over 100,000
If You Make Over $100,000 How Can You Keep Your Money? The argument can be heard all the time. The IRS and the government tax everybody else and collect more money from the poor than they do from the rich. The rich are forever applying tax loopholes so that they do not have to pay any taxes. They are getting away with criminal practice! Over the years, the system has been abused. Tax professionals can indeed determine loopholes to let people pay minimal taxes. Only people earning more than $100,000 yearly can afford them, however. There's a difference between taking advantage of a loophole and acting illegally. If you want to pay less taxes while keeping the IRS away or staying out of jail, there are various steps you must avoid and various steps you can do. A great idea is to try to reduce your exposure as much as possible. Nearly 60% of the taxes are paid by people who are making more than $100,000 yearly. This is where the IRS exerts a considerable amount of effort. In correlati...