Economists reveal 8 places high-earners shelter cash from the IRS, adding to a $36T global stash. Are you missing any?

Group 1 - The concept of tax havens is not limited to the ultra-wealthy, as individuals are also utilizing these methods to minimize taxes legally [1][2] - Estimates suggest that individuals are hiding between $8.7 trillion and $36 trillion in tax havens, highlighting the widespread nature of this practice [2] - The accessibility of tax shelters is increasing, making it easier for a broader range of individuals to take advantage of these opportunities [2] Group 2 - Municipal bonds provide tax advantages, being mostly exempt from federal income taxes and often from state and local taxes, with implied yields over 7% after accounting for tax benefits [3][4] - Retirement funds such as 401(k)s and IRAs serve as tax shelters by reducing taxable income and deferring tax payments until retirement, with contribution limits set at $24,500 for 401(k)s and $7,500 for IRAs in 2026 [4] - Whole life insurance offers multiple tax benefits, including tax-deferred growth of cash value and tax-free withdrawals up to the basis, along with tax-free death benefits for beneficiaries [4][5]