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How did they avoid all those taxes? The ways billionaires do it.

How did they avoid all those taxes? The ways billionaires do it.

By:

Mark Perlberg

Published:

February 9, 2024

Updated:

October 14, 2026

1 min read

When you make a large fortune, your tax liability is a small fortune. So, what’s a billionaire to do if he or she wants to protect that fortune? And can you take advantage of the same opportunities? Here’s how a few billionaires did it:

Converting High-Tax-Rate Trading to Low-Tax-Rate Income was a strategy used by Jeff Yass of the Wall Street firm, Susquehanna International Group, created tax savings of over one billion dollars over a six-year period moving short term gains into long term investments.

Report Loss While Making Gains is a technique used by Steve Ballmer, formerly with Microsoft, who bought The Los Angeles Clippers. Using write offs such as players’ contracts, he protects a worth estimated to be over $135 billion.

Key Takeaway
You don't have to choose between your financial goals. Start by taking advantage of available employer benefits, then balance your remaining savings between short-term priorities and long-term financial growth. Keep money needed in the near term in an appropriate low-risk option, and consider the tax implications before using long-term savings.

Drill, Baby, Drill/Deduct, Baby, Deduct may be the motto for Stephen Ross, owner of the Miami Dolphins. Using a vast array of tax breaks in oil (including oil spills), it’s said he was able to go ten years without showing income.

A Horse Named Deduction would not surprise. Racehorse operations run by the super-rich have garnered hundreds of millions in tax write-offs.

You too can color outside the lines. You don’t need to be Jeff Bezos in order to leverage tax deductions used by the super-rich: Take advantage of a free discovery session by visiting New Client Application or https://calendly.com/d/46r-49m-93k/10-minute-intro-call.

About the author

Mark Perlberg

Certified Tax Planner

Mark Perlberg is a CPA, Certified Tax Planner, and specializes in helping real estate investors and entrepreneurs achieve their financial goals through strategic tax planning. He has been a CPA since 2015, and since 2019, has served hundreds of entrepreneurs to create tax plans with savings as high as $2.5 Million in a single year through advanced planning methods. Mark and his team collaborate closely with clients to understand their unique goals and circumstances, evaluating all sources of past, present, and future financial events to guide them toward the most advantageous business and financial decisions. Originally from New York and now based in Atlanta, Mark is also a passionate foodie and a world traveler.

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