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To: franksolich
Old Man Joe Kennedy was a pro at doing that.

Hemingway was scrupulous in staying in Cuba at least six months and a day, every year. It wasn't just because he loved the place.

12 posted on 10/09/2010 10:57:41 AM PDT by gundog (Help us, Nairobi-Wan Kenobi...you're our only hope.)
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To: gundog

This was the reason the “Alternative Minimum Tax” was devised during the 1960s.

Despite having 75-90% tax brackets, many of the wealthy and super-wealthy got away with paying no income taxes at all.

There was the case of the multi-millionairess Marjorie Merriwether Post (I think that was her name), the heiress to the Post cereal fortune, at the time the wealthiest woman in America, who paid zero—not a cent—in income taxes for decades.

That’s why the “Alternative Minimum Tax” was invented.


18 posted on 10/09/2010 11:06:20 AM PDT by franksolich (Scourge of the Primitives, in service to humanity)
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