But even if we had an IRS with the auditing capacity to take on our super rich, those rich would have little real cause for concern. Yes, many rich do currently cheat on their taxes. But most rich don’t have to cheat or even cut corners. Our deepest pockets can legally sidestep any significant tax bill, thanks to a wide constellation of loopholes their lobbyists have managed to shoehorn into federal tax laws. Above: The Squid that ate Wall Street.