Question

When talking to his investment clients, broker adam often refers to tax shelters. this term typically refers to:_______

Answer 1

Tax shelters are methods used by companies or individuals to reduce their tax liability.

What are tax shelters?

Tax is the percentage of an income or asset that is levied by the government on companies or individuals. Taxes can be levied on income of people. This type of tax is known as income tax. Tax can be levied on the ownership of certain assets. This is known as estate tax.

Taxes reduce the income of people. This makes people want to reduce their tax liability (the amount of tax they are to pay). Tax shelters are legal methods used by companies or individuals to reduce their tax liability. Tax shelters includes certain retirement accounts and safe havens such as the Cayman Islands.

To learn more about taxes, please check: https://brainly.com/question/25311567

#SPJ1