The smart rich don’t pay these taxes. Blind trusts and other instruments keep that from happening. This is all about the Democrap party’s Communist goal and one of them is attacking the rich out of petty and childish jealousy.
“The smart rich don’t pay these taxes. Blind trusts and other instruments keep that from happening.”
Oh, yes, they do pay those taxes even with several excellent tax attorneys.
The government beaurocrats work full time making sure there are very few loopholes left for you to figure out a way to allow your family to keep any of your estate.
I have worked on three large estates in the last couple of years and it is sickening at what these hard working people have to sell to pay taxes to the damn government to waste. Worked their asses off all their lives and lived very frugal lives unlike the damned government. One estate will be selling assets of over $20 million to pay the extortionist Fed. government.
That $20 million COULD have been used to hire more people. Now, it will MAYBE pay for one of Moochelle’s overseas trips.
They had excellent tax attorneys but there is only so much they can do within the law. And believe me it was a complicated mess just to be able to keep what they were allowed to keep.
And unless you are Warren Buffett or Bill Gates a family foundation will be ripe for an audit.