Bombshell report reveals how Colorado's Democratic governor avoided paying taxes

Yahoo! ^ | 11.05.2021 | John Frank

[dware]

Colorado's Democratic Gov. Jared Polis is under fire after a new trove of documents revealed he used loopholes to avoid paying federal income taxes for years.

Driving the news: A ProPublica report published Thursday found Polis, a tech entrepreneur and former congressman, used donations and financial arrangements to get out of paying federal income taxes in 2013, 2014 and 2015.

[ptsal]

Did he donate to the Clinton Foundation?

[Who is John Galt?]

-- He donated to his own charity, the Jared Polis Foundation, which spent $2 million on mailers promoting his work on the state's education board.
-- Another strategy he deployed to avoid tax exposure was investing in companies that produce little income even as their valuation increases.
-- To shelter his income from taxes, Polis also used a family business, Jovian Holdings, the report found. That company's board includes family members as its directors and his friend Art Laffer, a conservative economist.

Just the sort of thing any average taxpayer can do, to reduce their tax liability. And never forget, the Democrat Party is "the party of the little guy"!

\sarc

[systemjim]

Although it is probably hypocritical for a tax-and-spend Dem to avoid paying taxes, I don’t see anything wrong with legally avoiding paying taxes down to the last penny.