Forum Post: How the billionaires evade tax!
Posted 12 years ago on Nov. 27, 2011, 1:11 p.m. EST by australiano
(37)
from Burleigh Waters, QLD
This content is user submitted and not an official statement
Ronald S. Lauder, an heir to the Estée Lauder fortune, makes use of a tax code that allows him to qualify for deductions by donating his art to his private foundation.
http://www.nytimes.com/imagepages/2011/12/02/business/2auder-graphic.html?ref=business
If only there were no taxes all this wasteful tax avoidance would go away. Money could be invested in productive things. Oh well, too bad so many at OWS want more taxes rather than less or none.