And then there's clowns like #SteveBallmer, star of *Propublica*'s #IRSFiles, whose creative accounting let him claim $700m in paper losses on his basketball team, allowing him to pay a mere 12% tax on $656m,, while the workers who made his fortune on the court paid 30-40% on their earnings.

https://pluralistic.net/2021/07/08/tuyul-apps/#economic-substance-doctrine

Ballmer's also a master of #TaxLossHarvesting, who has created paper losses of over $100m, letting him evade $138m in federal taxes:

https://pluralistic.net/2023/04/24/tax-loss-harvesting/#mego

17/

‘Biggest mistake’ is not using tax loss harvesting: Koinly head of tax - Failing to utilize tax loss harvesting is one of the biggest mist... - https://cointelegraph.com/news/biggest-mistake-is-not-using-tax-loss-harvesting-koinly-head-of-tax #taxlossharvesting #unitedstates #dannytalwar #taxreturn #washsales #koinly #irs

A roboadvisor called Wealthfront
Harvested taxes with no count
With strat'gic prowess
It harvested the gross
For an impressive investor amount

#wealthfront #roboadvisor #taxlossharvesting #investor #limerick #poetry

https://www.axios.com/2023/04/15/tax-loss-harvesting-roboadvisor-wealthfront

Unsellable NFTs: Service to buy your garbage cryptocurrency investments for a penny so you can claim a tax writeoff
https://www.theguardian.com/technology/2022/dec/29/unsellable-worthless-nfts-tax-write-off
#taxlossharvesting #cryptocurrency #finance #taxes #nfts #scam #-