10 Ways Billionaires Avoid Tax On A Massive Scale - How Money Works

Rich people didn’t get rich by paying a lot of taxes and for some of them avoiding uncle Sam has become their favourite pastime.

Say what you will about billionaires, but they can be a very creative bunch where their money is concerned.

Last year ProPublica a non-profit investigative journalism organisation was leaked a cache of IRS files that contained tax information about the richest people in America.

Dozens of journalists and forensic accountants were able to reverse engineer a number of systems that the billionaires used to pay much lower rates of income tax than most regular working Americans.