Comment by Manuel_D
2 hours ago
As per your linked article, they mainly either give away their money to charity, or they set up trusts. When beneficiaries receive money from the trust, it's taxed as income.
2 hours ago
As per your linked article, they mainly either give away their money to charity, or they set up trusts. When beneficiaries receive money from the trust, it's taxed as income.
You could also just... not pay. And then lawyer-up when the IRS comes after you. (They will not come after you, because they know you've lawyered-up and aren't going to make it easy.)
IIRC this is part of how they avoid taxes in general. Penalties don't hurt enough for the ones who do eventually face them.