ProPublica

How Billionaires Use Expensive Hobbies to Avoid Income Tax

How Billionaires Use Expensive Hobbies to Avoid Income Tax

Thoroughbred horses, auto racing, massive ranches, luxury hotels. The hobbies and side businesses of some billionaires create huge write-offs that can let them get away with paying little or no income tax for as much as a decade at a time.
BASF: Death by Dish Soap

BASF: Death by Dish Soap

The world’s largest chemical maker, BASF, produces ingredients for America’s most popular products, from soaps to surface cleaners to dishwasher detergent. Emissions from their U.S. plants elevate cancer risks for an estimated 1.5 million people.