How do the ultra wealthy find loopholes to hide their wealth to avoid a hefty tax burden?

How Rich People Hide Their Money! Two Cents

Premiered May 22, 2024
How Rich People Hide Their Money!

The US Department of Treasury estimates that the ultra wealthy in America are skipping out on more than $160 billion worth of taxes every year. The wealthy, though, don’t make the majority of their money from working for a paycheck. Instead, they invest their money allowing it to grow by millions and billions. And it’s only when they sell an investment that they actually owe taxes on this wealth.

About the Program

Two Cents

PBS Digital Studios and the producers of It’s Okay to Be Smart bring you TWO CENTS, a new weekly series about personal finance for millennials and Gen Z.

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