 You're probably dreading doing your taxes, right? Well, there's one group of people who may not be feeling that way, and that's because they may be able to legally pay little to nothing in taxes. That's right, billionaires. ProPublica obtained a massive trove of tax info that reveals the tricks that billionaires use to reduce their tax bill. First off, when you're a billionaire, you can structure your hobbies as businesses and then use the losses from those businesses as tax write-offs. We're talking luxury hotels and even racehorses. When we studied the tax returns of just six owners of racehorses in the 2021 Kentucky Derby, we found that the owners collectively wrote off $600 million. In another example, IRS records show that Steve Ballmer, the owner of the NBA's LA Clippers, paid a lower tax rate in 2018 than a concession stand worker at the Staples Center. You know, sports teams usually grow in value, but the U.S. tax code allows Ballmer to claim that the price is going down and let's him write off almost the entire purchase price of the team against disincome over time. Go to the link in bio and see how else billionaires avoid taxes.