12 tactics America's wealthiest use to save big on taxes, from putting mansions in trusts to stashing fortunes for a 1,000 years

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A house surrounded by stacks of cash and piggy banks

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Thanks to tax cuts made during the first Trump administration, Americans can give or hand down about $13 million in assets without paying federal estate tax. Only 0.2% of taxpayers have to worry about this tax, and they hire top-notch accountants and lawyers to pay as little as possible.

Warren Buffett once told Barack Obama the wealthy should pay more tax — and that his wealth is partly down to luck

Tech Insider : Economy
Waren smiling in glasses and a suit next to Obama smiling in a suit.
Warren Buffett and Barack Obama.

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10 ways wealthy Americans save big on taxes, from putting mansions in trusts to guaranteeing inheritance for future generations

Tech Insider
A house surrounded by stacks of cash and piggy banks

ivanastar/Getty, akurtz/Getty, DNY59/Getty, Tyler Le/BI

Millennials and Gen Z are banking on an inheritance from their boomer parents. That's a big mistake.

Tech Insider : Economy
A dollar cake is being cut up by old and wealthy people.
Boomers are rolling in financial assets. But they are probably going to spend all their savings before they can pass anything down to their children.

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