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Welcome to Radical Personal Finance, a show dedicated to providing you with knowledge, skills, insight, and encouragement you need to live a rich and meaningful life now,

while building a plan for financial freedom in 10 years or less.

My name is Joshua Sheetz, I'm your host and today on the show we're going to talk about the recent Pro-Publica article

called The Secret IRS Files.

Trove of never-before-seen records reveal how the wealthiest avoid income tax.

Today's show we're going to analyze this article, going to speak extensively about some of the points that this article brings up,

and walk you through how I approach this particular subject and some of the thoughts that I have on it.

I don't expect today's show to be short, so I'm going to give you an overview of the article right here at the beginning,

and then you can decide how deep into this particular rabbit hole you prefer to go.

In essence, if you're a longtime listener of Radical Personal Finance, you should simply know how the wealthiest avoid income tax.

I'll give you a moment to think about it. How do the wealthiest avoid income tax?

The answer should be immediately obvious you avoid income, and that is simply at the heart of this particular article.

The wealthiest among us, in this particular case, the journalists are analyzing the tax returns of the 25 wealthiest people in the United States of America evidently,

the wealthiest among us avoid income.

In exactly the same way that I teach you to avoid income except when it's convenient or taxed in an appropriately reasonable way,

that's what the wealthiest people do, so there I just saved you 12 pages of reading and thinking about it.

...