Dear Reader,
Tax season is upon us. For the past year, ProPublica’s series “The Secret IRS Files” has illuminated how the federal tax system helps increase wealth inequality. Each story in the series highlights a different strategy that the ultrawealthy use to shield their wealth from taxes, from writing off losses incurred by thoroughbreds or sports teams to, in Peter Thiel’s case, building a Roth IRA into a $5 billion tax shelter.
The Billionaire Playbook
Tuesday, April 12
4-5 p.m. Eastern time