<prompt> Human: I paid 47 on my 2014 return, or hundreds of thousands of dollars in taxes.So yeah, Im not going hungry anytime soon, but mostly resent paying taxes because of the sheer amount of waste in the system of governance. Insert rant here. Other than IRA, HSA, and 401k, what are these magical ways the wealthy dont pay taxes? Or is under 1 million a year not wealthy enough to start these advanced strategies?  <response>: The wealthy live off of long term capital gains, which have a much lower tax rate. 