Billionaire Jeff Yass Avoids Taxes and Buys School Voucher Policies

Updated to recommend a piece about Jeff Yass and his company’s connection to TikTok, “How an Obscure Chinese Real Estate Start-Up Paved the Way to TikTok,” by Mara Hvistendahl and Lauren Hirsch of the New York Times.

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Who is Jeff Yass?

In honor of Tax Day coming up, I thought I’d revisit one of America’s most successful multi-billionaire tax-avoiders, Pennsylvania’s Jeff Yass.

The more I learn about the “school choice” movement, the less surprising it is that one of its major proponents is a guy who made it big first at using statistics to game the system for racetrack gambling, and who now owns a multibillion-dollar business but doesn’t like paying taxes. And it’s n…