<prompt> Human: Im 23 years old and am currently making 130k per year. I have 0 dependents and no exemptions and as a result Im being taxed out the ass.Its ridiculously depressing forfeiting such a large number of bills to Uncle Sam. Is there a way to protect myself from either being taxed in the bracket Im taxed in or perhaps to provide myself with write-offs i.e. like how I could write off interest payments from a mortgage Id rather spend my money on things I can parlay into money in the future than forfeit it via taxes. The reason I ask this is because an individual I spoke to briefly made some remark about a friend of theirs who shelters his money by purchasing cows which he breeds on his fathers ranch. I didnt really inquire further... but I dont quite understand how that in anyway could protect his money... perhaps someone could explain. Thanks for your time!  <response>: You make 130K per year. You make enough to hire a tax accountant andor financial planner. Aside from investing in tax-deferred retirement plans, buying a house, getting married to someone who makes little to no additional income, and having children, there are really no simple solutions. Get recommendations for financial plannersaccountants from your coworkers or similarly situated friends and meet with a few to discuss not only tax savings, but also a plan that will help you accomplish what you see for your next 5-10 year future. Their fees are generally tax deductible. 