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Explore How Rich People Hide Their Money with 234,143 views, 10,750 likes, and 1,089 comments. Experience the impact of this video content that has captured audience attention.

SUPPORT us on PATREON: https://www.patreon.com/twocentspbsds SUBSCRIBE to Two Cents! https://goo.gl/jQ857H The Treasury Department estimates that the ultra-wealthy are skipping out on over $160 BILLION of taxes every year. The methods they use can be shady, but many are perfectly legal. Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson, AFC® Directors: Katie Graham & Andrew Matthews Written by: Taylor Behnke Executive Producer: Amanda Fox Produced by: Katie Graham Edited & Animated by: Dano Johnson Fact checker: Yvonne McGreevy Executive in Charge for PBS: Maribel Lopez Director of Programming for PBS: Gabrielle Ewing Assistant Director of Programming for PBS: John Campbell Images by: Shutterstock Music by: APM Two Cents is a production of Spotzen for PBS Digital Studios sources: https://www.cbsnews.com/news/tax-evasion-billions-offshore-fatca-tax-reporting-loophole-senate-finance-committee-robert-brockman/ https://www.cnbc.com/2024/02/12/jeff-bezos-move-to-miami-will-save-him-over-600-million-in-taxes.html https://www.cnbc.com/2021/09/09/top-one-percent-dodge-billions-in-annual-taxes-treasury-estimates.html https://www.ed.gov/news/press-releases/us-department-education-estimate-biden-harris-student-debt-relief-cost-average-30-billion-annually-over-next-decade#:~:text=The%20Department%20estimates%20that%20one,loan%20payments%20in%20January%202023. https://www.npr.org/2022/08/25/1119412217/how-the-ultrawealthy-devise-ways-to-not-pay-their-share-of-taxes https://www.propublica.org/article/billionaires-tax-avoidance-techniques-irs-files https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax https://www.vox.com/money/23634085/biden-2024-budget-billionaire-tax-capital-gains https://www.whitehouse.gov/omb/briefing-room/2022/03/28/presidents-budget-rewards-work-not-wealth-with-new-billionaire-minimum-income-tax/#:~:text=The%20Billionaire%20Minimum%20Income%20Tax%20will%20ensure%20that%20the%20very,lower%20than%20teachers%20and%20firefighters. https://www.wsj.com/articles/elon-musk-techs-cash-poor-billionaire-11588967043?mod=hp_lead_pos11 https://www.vanhollen.senate.gov/news/press-releases/van-hollen-leads-colleagues-in-announcing-new-legislation-to-close-the-stepped-up-basis-loophole https://www.nytimes.com/interactive/2019/05/07/us/politics/donald-trump-taxes.html

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