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November 28, 2011 02:36 pm PST
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/PYWulTmm7FI/how-the-tax-code-works-for-bil.html
How the tax code works for billionaires
The NYT has a long investigative piece explaining the procedures deployed by the Estee Lauder heirs to "shelter" their income from tax, such as donating millions of dollars' worth of art to their own charitable trusts, then taking a gigantic tax write-off. Este Lauder Companies went public in 1995, and Ronald Lauder and his mother [...]Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/PYWulTmm7FI/how-the-tax-code-works-for-bil.html
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