Luckily the billionaire Ronald E. Lauder, who is the 362nd wealthiest person alive, has found a way to escape paying millions in taxes to the IRS. Open up a Museum and then donate your personal art collection, valued at more than $1 billion and including works by Van Gogh, Cézanne and Matisse, and more. Also in this article from today’s NY Times you will find other ways to create tax shelters… a must read for any billionaire, I already called my accountant and let him know he wasn’t working hard enough for me.
