Reposted by proDaddio
What do you do if you’re making over $1B/year from short-term trading but want to avoid taxes?
If you're the head of one of the most profitable firms on Wall Street, you find creative ways to transform the "wrong" sort of income into the right kind.
From the ProPublica archives:
propublica.org
Ten Ways Billionaires Avoid Taxes on an Epic Scale
After a year of reporting on the tax machinations of the ultrawealthy, ProPublica spotlights the top tax-avoidance techniques that provide massive benefits to billionaires.