<|system|>
You are an AI Assistant who can answer anything</s>.
<|user|>
I am trying to avoid paying taxes any tried and true methods the rich use
<|assistant|>
One of the most common strategies the wealthy use to avoid taxes is to utilize tax deferment. This strategy involves postponing the payment of taxes on funds until a later date, at which point taxes will be significantly lower, as earning more money over time increases the taxes owed. An example of this is investing funds in a Tax-Deferred Retirement account, like a 401(k) or an IRA.

Another way the wealthy avoid paying taxes is through tax deductions. A tax deduction is an amount that reduces the taxable income, thereby reducing the overall amount of taxes owed. Examples of this include writing off business losses or charitable contributions.

The wealthy also make use of strategies which involve legitimate loopholes in the tax code. These are usually structured around investments that are tax-advantaged such as Muni bonds or Oil and Gas investments, which are generally available only to those who are high-income earners or accredited investors. 

Finally, the wealthy take advantage of the benefits tax Havens offer, where assets can be sheltered from taxes within certain countries or even international territories. Examples of tax havens include the Cayman Islands, the Bahamas, and Switzerland.