How Billionaires Avoid Paying Federal Income Tax

B2 – Upper Intermediate

We’re all familiar with this principle that “With great power comes great responsibility”. Same goes for wealth. Safe to say, with great wealth comes great financial burdens. One of them is taxes.

Read the article to find out how exactly do billionaires avoid paying federal income tax.

https://www.businessinsider.com/how-billionaires-avoid-paying-federal-income-tax-2021-6

Discusion Questions:

  1. How are wealthy people able to dodge federal income taxes?
  2. What are your thoughts on billionaires getting away with not paying federal income taxes?
  3. What are other ways to avoid paying taxes?
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