How One of the Richest Men Is Avoiding $8B in Taxes

First line of the article: &gt; Jensen Huang, the chief executive of Nvidia, is the 10th-richest person in the United States, worth $127 billion<p>I haven&#x27;t been paying attention to the bullshit that is nth-richest person but how the fuck is someone worth that much and is only in 10th place? Wasn&#x27;t it not too long ago that $127B would have been 1st?

<a href="https:&#x2F;&#x2F;archive.ph&#x2F;mcZ2p" rel="nofollow">https:&#x2F;&#x2F;archive.ph&#x2F;mcZ2p</a>

So according to the NYT, legally avoiding a tax is a &quot;dodge.&quot; I&#x27;m glad they don&#x27;t run the IRS.

Don&#x27;t hate the player, hate the game. Can&#x27;t blame someone for trying to protect their wealth. A loophole is... a loophole. Close them, redesign the tax code. Lame to single out individuals in posts like this as though they are doing anything wrong.

We should either close the loopholes or eliminate the tax.

summary: this is an article about:<p>“I Dig It” trusts<p>GRATs<p>Private Foundations in combination with Donor Advised Funds<p>interestingly this article has no evidence of an “I Dig It” being used by Huang, which is an overly complex and unnecessary strategy to limit taxes, when it does have evidence of the Private Foundations and Donor Advised Fund being used, at far greater values and is a far simpler way of having tax exempted gains and tax deductions.<p>There is also a GRAT being used, which is also more complex than necessary.<p>PF + DAF is all you need<p>It would have been interesting to see a very aggressive use of QSBS in action, as this would be even more tax free instead of tax exempt, but seems like a missed opportunity

Why flagged I wonder?

Anyone with a billion dollars only owes taxes as a result of changing how an asset is invested... which only happens because the new investment will generate more wealth after taxes than before.

All the temporarily embarrassed billionaires in HN flagged this article :-)