Beanie Babies founder Ty Warner wrote off luxury hotel purchases and paid zero federal income taxes for 12 years. Campbell soup heiress Charlotte Weber rode off Kentucky Derby racehorses and used those losses to drive down her total tax bill. Elon Musk's $78 million private jet. Jeff Bezos's $500 million mega yacht. All of that can be used to lower their entire taxable income. (01:55–02:06)
CLAIM
Asserts that Charlotte Weber reduced her tax bill by writing off racehorse losses.
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