How the Wealthiest Avoid Income Tax

[Smit]

Everybody knows the richest people don't pay taxes like us worker bees do but this digs into the nuts and bolts of how that works. I doubt anybody here makes enough coin to take advantage of the same loopholes they have but it might help somebody out.

The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax

Excerpt:

In 2007, Jeff Bezos, then a multibillionaire and now the world's richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes.

Michael Bloomberg managed to do the same in recent years. Billionaire investor Carl Icahn did it twice. George Soros paid no federal income tax three years in a row.

[mowens]

[Newbeeee™]

The system is constructed, for money laundering....

[Elmer Fudd]

Do you think President Trump pays any?