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Yesterday, ProPublica published an in-depth article titled “The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax.” Its goal was to show how the richest people in America are paying little or even no income tax. The authors stated that they had inside, confidential information and tax documents of thousands of the nation’s wealthiest people.
This claim is nothing new. A lot of people have cynically viewed it as a benefit of being rich: having the money to hire tax advisors and having assets to shift around in a manner that will minimize taxes.