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A comment on IRS records reveal how the wealthiest avoid income tax. Parent comment

Re:IRS records reveal how the wealthiest avoid income tax by rattray on Tuesday June 08, 2021 @08:15AM (#27434103)
Scenario D: You donate $800,000 to a foundation you control. Your net income is $960,000 ($160,000 cash and $800,000 with some strings attached).
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Re:IRS records reveal how the wealthiest avoid income tax by kristjansson on Tuesday June 08, 2021 @08:38AM (#27434324)
If they cut a string, or even pull on one a bit too much, they’re right back at C.
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Re:IRS records reveal how the wealthiest avoid income tax by zentiggr on Tuesday June 08, 2021 @10:49AM (#27435909)
Assuming anyone can get the AG to actually investigate, file charges, and get a conviction.

Notoriously more difficult as the amount of financial leverage increases.

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