George Soros’s $18 Billion Tax Shelter

Wall Street Journal ^ | November 23, 2017 | Stephen Moore

[zeestephen]

Re: “True tax reform is predicated on the principle that all income should be taxed at a low rate once, and only once. But much of the wealth that Mr. Soros spent years moving into his Open Society Foundations will never be taxed.”

Why would it be taxed?

Soros gave away unrealized capital gains. Soros did not benefit from the capital gains - he gave them away to a private charity.

Soros used after-tax income to originally purchase those stocks or whatever he invested in. You only pay taxes when you cash out of that investment, AND only if the investment increases in value.

If those investments paid dividends, or interest, or rent to Soros when he owned them, then Soros paid taxes each year on that income.

If his children get paid for working for that charity, their income will be taxed.

If Soros set up a Trust Fund for his children, the Trust and/or his children would be taxed for any money that was distributed to them.

I have no idea what else the author, Stephen Moore, wanted to tax BEFORE Soros gave the money away.

[Neoliberalnot]

Fixing this crime is not that complicated. Change the laws that allow the Soros criminals to get escape prosecution. Soros deserves a bullet to the head for the riots he has instigated and the people he is responsible for getting killed.

[Neoliberalnot]

Chelsea was paid $65,000 for a 30 minute propaganda speech in KC not long ago.

[Neoliberalnot]

These foundations are actually criminal enterprises to protect the elitist mafia. It is not complicated to change the laws.