• Video
  • Shop
  • Culture
  • Family
  • Wellness
  • Food
  • Living
  • Style
  • Travel
  • News
  • Book Club
  • Newsletter
  • Privacy Policy
  • Your US State Privacy Rights
  • Children's Online Privacy Policy
  • Interest-Based Ads
  • Terms of Use
  • Do Not Sell My Info
  • Contact Us
  • Recalls and Product Safety Alerts
  • © 2026 ABC News
VIDEO: Secret IRS trove illustrates how billionaires avoid taxes
5:41
  • ABC News
  • August 20, 2021

Secret IRS trove illustrates how billionaires avoid taxes

ABC News’ Phil Lipof speaks with ProPublica investigative reporter Robert Faturechi about how the Trump-era tax overhaul helped billionaires dramatically cut their federal income taxes.

Up Next in news

IRS warns parents of child tax credit scams

IRS warns parents of child tax credit scams

August 10, 2021
VIDEO: US launches new retaliatory strikes on Iran after attack on US forces

US launches new retaliatory strikes on Iran after attack on US forces

July 30, 2026
VIDEO: Tornadoes touch down as severe storms sweep East

Tornadoes touch down as severe storms sweep East

July 28, 2026

The latest lifestyle and entertainment news and inspiration for how to live your best life - all from Good Morning America.
  • Contests
  • Terms of Use
  • Privacy Policy
  • Do Not Sell My Info
  • Children’s Online Privacy Policy
  • Advertise with us
  • Your US State Privacy Rights
  • Interest-Based Ads
  • About Nielsen Measurement
  • Press
  • Feedback
  • Shop FAQs
  • ABC News
  • ABC
  • All Videos
  • All Topics
  • Sitemap
  • Recalls and Product Safety Alerts

© 2026 ABC News
  • Privacy Policy— 
  • Your US State Privacy Rights— 
  • Children's Online Privacy Policy— 
  • Interest-Based Ads— 
  • Terms of Use— 
  • Do Not Sell My Info— 
  • Contact Us— 
  • Recalls and Product Safety Alerts— 

© 2026 ABC News