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How to Avoid Taxes (Legally, Of Course): Planet Money : NPR

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How to Avoid Taxes (Legally, Of Course): Planet Money : NPR

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CHICAGO - NOVEMBER 1: Current federal tax forms are distributed at an IRS office in Chicago, Illinois, November 1, 2005. Today, a presidential panel recommended sweeping changes to nearly all of the individual and corporate tax laws. (Photo: Scott Olson/Getty Images)
CHICAGO - NOVEMBER 1: Current federal tax forms are distributed at an IRS office in Chicago, Illinois, November 1, 2005. Today, a presidential panel recommended sweeping changes to nearly all of the individual and corporate tax laws. (Photo: Scott Olson/Getty Images)

Americans spend a lot of time filing their taxes. Over the years, we’ve found ways to game the system — and they’re totally legal! The U.S. tax system is full of so-called loopholes — big and small — that many people, especially the wealthy, take advantage of.

On today’s show, we look at 11 of our favorite tax loopholes and yours. Some you love, some you hate. We look at tax breaks for homeowners, billionaires, cat owners, investors, and…subsistence whalers.

music: “Take me up“”Anyone but you” and”Let it be“”.

Subscribe to Planet Money+ to help support Planet Money and get bonus episodes In Apple Podcasts or plus.npr.org/planetmoney.

These links are always free: Apple Podcasts, Spotify, Google Podcasts, NPR One Or anywhere you listen to podcasts

Find more Planet Money: twitter / Facebook / Instagram / Tik Tok Our Weekly communication.



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