The Billionaire Playbook: How Sports Owners Use Their Teams to Avoid Millions in Taxes
Owners like Steve Ballmer can take the kinds of deductions on team assets — everything from media deals to player contracts — that industrialists take on factory equipment. That helps them pay lower tax rates than players and even stadium workers.
Lord of the Roths: How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class Into a $5 Billion Tax-Free Piggy Bank
Roth IRAs were intended to help average working Americans save, but IRS records show Thiel and other ultrawealthy investors have used them to amass vast untaxed fortunes.
The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.
Forbes’ 35th Annual World’s Billionaires List: Facts And Figures 2021
Despite the pandemic, it was a record-setting year for the world’s wealthiest- with a $5 trillion surge in wealth and an unprecedented number of new billionaires.
Deciphering the fall and rise in the net capital share
Matthew Rognlie says that inequality may not grow in the way Piketty predicts, finding that the long-term rise in capital income is driven mostly by housing, not labor division.