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Smart ways to help reduce your taxes

Smart ways to help reduce your taxes

Here are a bunch of helpful methods to assist you in reducing your taxable income. These are great tips to use throughout the year when opportunities arise. When planning large purchases or gifts, get into the habit of thinking about how your taxes may be impacted as well.

 
  • Alice Walon, the daughter of Wal-Mart founder Sam Walton and Helen Walton, and sister of Jim Walton, is worth an estimated $20.9 billion (Source: Forbes.com)
  • Jim Walton, the youngest son of Wal-Mart founder Sam Walton, and the Chairman of Arvest Bank is worth an estimated $21.1 billion (Source: Forbes.com).
  • Sheldon Adelson is an American casino and hotel magnate. Adelson is Chairman and Chief Executive Officer of the Las Vegas Sands Corp. He is worth an estimated $21.5 billion (Source: Forbes.com)
  • Soros, worth an estimated $22 billion, is chairman of Soros Fund Management (Source: Forbes.com)
  • Christy Walton is the world's richest woman, worth an estimated $24.5 billion. She is the widow of John Walton, the son of Wal-Mart founder Sam Walton (Source: Forbes.com)
  • Koch, tied with brother Charles as the fourth richest American, is executive vice president of Koch Industries, the second-largest privately held company in the U.S. (Source: Forbes.com)
  • Koch is chairman of the board and chief executive officer of Koch Industries, Inc., which is involved in manufacturing, trading and investments.
  • Larry Ellison, with an estimated net wealth of $33 billion, is the co-founder and chief executive officer of Oracle Corporation Courtesy Oracle Corporate Communications (Source: Forbes.com)
  • Warren Buffet, worth an estimated $39 billion, is chairman and chief executive officer of Berkshire Hathaway Inc. (Source: Forbes.com)
  • Bill Gates founded Microsoft Corporation and is worth an estimated $59 billion (Source: Forbes.com)
  • Koch is chairman of the board and chief executive officer of Koch Industries, Inc., which is involved in manufacturing, trading and investments.
 

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