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Approximately $13.3 billion of Soros’s net worth is owed to tax avoidance or deferral, say some attorneys at Cravath to Bloomberg. His total federal/state/NYC tax liability on these monies is $6.7 billion, which is payable by 2017.
The article also contains this beauty from a Soros tax attorney:
“No person has a constitutional obligation to pay any more taxes than he is required to pay,” says James Sitrick, a tax attorney who represented Soros for decades.
Which must be a confusing sort of thought to someone whose office claims not to understand, for example, the distinction between policy approval of gay marriage and Constitutional compulsion of gay marriage.