10 Tax Dodges That Help the Rich Get Richer

By Alexander Arapoglou, Jerri-Lynn Scofield

April 11, 2013  |  Have you read about the billionaire who pays a lower income tax rate than his secretary [4] and gives advice for how much income tax other people ought to pay? You might want to ask: “How does he do it? ”

We don’t know the complete answer to that question. No doubt, only his army of tax advisers does. What we’d instead like to share are 10 ways the current tax code allows the rich to accumulate vast fortunes, subject to little or no tax. And, unlike the offshore account tax fraud that gets so much press and regulatory attention, many of the most egregious tax avoidance scams are perfectly legal.