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July 6, 2021

You too can reap the tax advantages of a Roth IRA

  • Ideally, your investment will grow over time, and you can pull money out in retirement tax-free.
  • By CHRIS DAVIS
    NerdWallet

    The trove of IRS records recently uncovered by ProPublica has confirmed what many have always suspected: Billionaires often enjoy a substantially lower tax rate than the average American.

    They do that by claiming losses and deductions that reduce their taxable income and by holding much of their wealth in investments, which often aren't taxed on an annual basis.


     
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