Sports team owners face new scrutiny from IRS over tax avoidance
Daily Kos -

A massive trove of tax information obtained by ProPublica, covering thousands of America’s wealthiest individuals, reveals what’s inside the billionaires’ bag of tricks for minimizing their personal tax bills — sometimes to nothing. by Robert Faturechi, Ellis Simani and Justin Elliott This story was originally published by ProPublica. The IRS has launched a campaign to examine whether wealthy taxpayers are violating the law when using their ownership of sports teams to save large amounts...

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