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Is Patagonia fleecing the IRS?

Today, Explained

The Shenards Are a Big Tax Advantage - Is That Right?

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If the Shenards had decided to transfer this business in any number of other ways, including selling it, they would have paid way more taxes than the $17.5 million you mentioned. I don't want the fact that they are potentially receiving a big tax advantage to necessarily detract from the reality of what they're doing, which is also pretty radical. If they had pursued other paths, for example, leaving the company to the children entirely, there would have likely been a state taxes there.

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