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Wednesday, May 29, 2024

How do rich people avoid taxes? Wealthy Americans skirt $160 billion a year in tax payment

More than $160 billion in tax revenue is lost every year because the top 1% finds ways to avoid paying “their fair share,” according to academic research cited by the Treasury Department. What tactics, though, do uber-wealthy people use to avoid the taxes? It turns out that not only can they afford …

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