Elon Musk given Twitter board seat in return for promising not to buy more of company

Tax avoidance is legally gray. Essentially, tax avoidance strategies are unenforced, not strictly legal. If the IRS decides your strategy was intended to avoid taxes rather than intended for a legitimate business reasons, it was illegal.

So whenever someone says, “[billionaire x] is paying all the taxes they legally owe!” I conclude that person doesn’t understand tax law or they have some motivation to excuse billionaires from paying their fair share.

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