PaleoPaul
08-03-2014, 10:37 PM
Well, well, well. Looks like we have yet ANOTHER case of the ruling class seeking to avoid the "laws for the common good" that they impose on the rest of us.
http://fortune.com/2014/06/17/clintons-seek-to-avoid-a-tax-they-once-supported/?xid=ob_rss
Bill and Hillary Clinton are finding their way around an estate tax they have long supported, a cause they said would prevent the U.S. from being overrun by inherited wealth.
The Clintons are employing a series of financial planning strategies that will help reduce the tax burden on future recipients, which can be as high as 40%, Bloomberg News reported.
The steps are common among multimillionaires and include creating a residence trust, a type of tax advantaged set-up that allows any appreciation in real estate value to build outside of the taxable estate.
http://fortune.com/2014/06/17/clintons-seek-to-avoid-a-tax-they-once-supported/?xid=ob_rss
Bill and Hillary Clinton are finding their way around an estate tax they have long supported, a cause they said would prevent the U.S. from being overrun by inherited wealth.
The Clintons are employing a series of financial planning strategies that will help reduce the tax burden on future recipients, which can be as high as 40%, Bloomberg News reported.
The steps are common among multimillionaires and include creating a residence trust, a type of tax advantaged set-up that allows any appreciation in real estate value to build outside of the taxable estate.