Most sources of income, including retirement income, require Americans to pay up to 46.5% of what they earn, or more, in federal and state income taxes.
That’s also true of withdrawals from a 401(k), IRA, SEP, or a traditional pension.
That’s a major shock to many new retirees. When retirees are struggling to pay bills in retirement, that’s a HUGE bite.
Yet what I’m talking about is different.
One billionaire used this “loophole” in the tax code to virtually eliminate income taxes from his life.
Now he can collect $10 million a month, if he wishes, and the IRS can’t touch a penny of it.
In fact, it’s forbidden for them to touch it.
I know it sounds incredible, but it’s 100% legitimate.
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