ProPublica: Ten Ways Billionaires Avoid Taxes On An Epic Scale

ProPublica, Ten Ways Billionaires Avoid Taxes on an Epic Scale:

Last June, drawing on the largest trove of confidential American tax data that’s ever been obtained, ProPublica launched a series of stories documenting the key ways the ultrawealthy avoid taxes, strategies that are largely unavailable to most taxpayers. To mark the first anniversary of the launch, we decided to assemble a quick summary of the techniques — all of which can generate tax savings on a massive scale — revealed in the series.

Prior TaxProf Blog coverage:

• ProPublica: America's Richest People Pay Little To Nothing In Federal Income Taxes (June 8, 2021)
• ProPublica: How Peter Thiel Turned $2,000 In A Roth IRA Into $5,000,000,000 (June 28, 2021)
• ProPublica: Why You Can’t Turn Your Roth IRA Into a Billion-Dollar Tax Shelter (July 1, 2021)
• ProPublica: The Billionaire Playbook — How Sports Owners Use Their Teams To Avoid Millions In Taxes (July 12, 2021)
• ProPublica: The Number Of People With IRAs Worth $5 Million Or More Has Tripled, Congress Says (July 29, 2021)
• ProPublica: Secret IRS Files Reveal How Much the Ultrawealthy Gained by Shaping Trump’s “Big, Beautiful Tax Cut” (Aug. 11, 2021)
• ProPublica: How The Trump Tax Law Created A Loophole That Lets Top Executives Net Millions By Slashing Their Own Salaries (Aug. 20, 2021)
• ProPublica: House Bill Would Blow Up The Massive IRAs Of The Superwealthy (Sept. 22, 2021)
• ProPublica: More Than Half Of America’s 100 Richest People Exploit GRATs To Avoid Estate Taxes (Sept. 30, 2021)
• ProPublica: 18 Billionaires Received Taxpayer-Funded Stimulus Checks During The Pandemic (Nov. 4, 2021)
• ProPublica: How These Ultrawealthy Politicians Avoided Paying Taxes (Nov. 5, 2021)
• ProPublica: More Billionaire Tax Games (Dec. 9, 2021)
• ProPublica: How Three Families Shielded Their Fortunes From Taxes For Generations (Dec. 15, 2021)
• Wall Street Journal Editorial, The Internal Revenue Leak Service (Dec. 15, 2021)
• ProPublica: When Billionaires Don’t Pay Taxes, People 'Lose Faith In Democracy' (Mar. 4, 2022)
• ProPublica Names The 15 Americans Who Reported The Most Income And Reveals Data For The Top 400 (Apr. 14, 2022)
• ProPublica: If You’re Getting A W-2, You’re A Sucker (Apr. 19, 2022)
• ProPublica: The Tax Scam That Won’t Die (June 22, 2022)
• ProPublica: The Billionaire GOP Mega-Donor Who’s Gaming The Tax System (June 22, 2022)