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How Rich People Hide Their Money!

Two Cents is an educational show about personal finance.

How Rich People Hide Their Money!

Season 7 Episode 6 | 8m 11s | CC

The US Department of Treasury estimates that the ultra wealthy in America are skipping out on more than $160 billion worth of taxes every year. The wealthy, though, don’t make the majority of their money from working for a paycheck. Instead, they invest their money allowing it to grow by millions and billions. And it’s only when they sell an investment that they actually owe taxes on this wealth.

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