Elon Musk criticizes the high taxation Americans face on earnings, purchases, and property at a town hall in Pittsburgh. He advocates for reducing the size of government to allow people to keep more of their money, citing frustration with the current tax system that hinders wealth-building opportunities (1).

Professor Scott Galloway emphasizes the importance of tax avoidance in building wealth, likening it to escaping as a prisoner of war. He suggests strategies like buying stocks, borrowing against them, and eventually passing them on to heirs to minimize tax liability (2).

Investing in gold, particularly through Gold IRAs, offers tax benefits like long-term capital gains and favorable treatment of gold ETFs and mining stocks. These investments can help individuals hedge against economic uncertainties and potentially grow their retirement funds tax-efficiently (3).

Real estate investors like Robert Kiyosaki leverage debt to avoid taxes legally, benefiting from tax deductions on interest payments. This strategy allows investors to reduce their tax burden while taking advantage of leverage in building wealth through rental income and appreciation (4).

Platforms like Arrived and Mogul provide opportunities for investors to participate in real estate without direct property ownership. These platforms allow fractional ownership of vacation homes and blue-chip rental properties, offering passive income streams without the responsibilities of traditional landlordship (5).

Range is a platform tailored for high-earning households, providing advanced financial guidance beyond basic tax planning. With tools like tax-loss harvesting and year-ahead planning, Range offers personalized advice and strategies to optimize investments and wealth management (6).

Read more at Yahoo Finance: How billionaires like Elon Musk avoid taxes on their massive wealth