A NYT piece notes:
“With inequality at
its highest levels in nearly a century and public debate rising over whether
the government should respond to it through higher taxes on the wealthy, the
very richest Americans have financed a sophisticated and astonishingly
effective apparatus for shielding their fortunes. Some call it the “income
defense industry,” consisting of a high-priced phalanx of lawyers, estate
planners, lobbyists and anti-tax activists who exploit and defend a dizzying
array of tax maneuvers, virtually none of them available to taxpayers of more
modest means.”Related: http://www.nybooks.com/articles/2016/01/14/parking-the-big-money/