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How wealthy Americans stay even wealthier

They employ an 'income defence industry' which helps them to exploit an array of tax manoeuvres.

NO TAX PLEASE, WE'RE RICH: The very richest Americans have financed a sophisticated and effective apparatus for shielding their fortunes.

New York

HEDGE fund magnates Daniel Loeb, Louis Bacon and Steven Cohen have much in common. They have managed billions of dollars in capital, earning vast fortunes. They have invested large sums in art - and millions more in political candidates. Moreover, each has exploited an esoteric...