10 Ways Billionaires Avoid Tax On A Massive Scale - How Money Works | How Money Works

10 Ways Billionaires Avoid Tax On A Massive Scale - How Money Works

Get 10% off your first month of therapy with our sponsors BetterHelp: http://BetterHelp.com/HowMoneyWorksSign up for my newsletter https://compoundeddaily.com 👈-------------Rich people didn’t get rich by paying a lot of taxes and for some of them avoiding uncle Sam has become their favourite pastime. Say what you will about billionaires, but they can be a very creative bunch where their money is concerned. Last year ProPublica a non-profit investigative journalism organisation was leaked a cache of IRS files that contained tax information about the richest people in America. Dozens of journalists and forensic accountants were able to reverse engineer a number of systems that the billionaires used to pay much lower rates of income tax than most regular working Americans. #tax #billionaire #howmoneyworks --------------ProPublica Articles: https://www.propublica.org/article/billionaires-tax-avoidance-techniques-irs-fileshttps://www.propublica.org/article/a-massive-oil-spill-helped-one-billionaire-avoid-paying-income-tax-for-14-yearsEdited By: Andrew GonzalesMusic Courtesy of: Epidemic SoundSelect Footage Courtesy of: Getty ImagesAll materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind.

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