Money Tricks The Rich Use That Look Illegal But Aren't

Some tax strategies used by wealthy people look almost illegal from the outside—but they're completely legal and written directly into the tax code. In this video, you'll discover 10 powerful tax strategies, from the S-Corp salary split and the Augusta Rule to the 1031 exchange, Opportunity Zones, and the famous "buy, borrow, die" strategy. These are the legal loopholes and strategies that can help business owners, investors, and wealthy families reduce, defer, or even eliminate certain taxes. If you've ever wondered how the wealthy protect their money and build wealth differently, these 10 strategies will give you a fascinating look at how the tax system really works. 00:00:01 The S-Corp Salary Split 00:01:26 The Augusta Rule 00:02:37 The Backdoor Roth IRA 00:03:41 Cost Segregation 00:04:46 The 1031 Exchange 00:05:47 The Family Bank 00:06:44 The Donor-Advised Fund 00:07:41 The Opportunity Zone Loophole 00:08:39 Buy and Borrow 00:09:42 The Die Loophole