Clinton’s Caught Dodging Taxes they "Support"
By Onan Coca / 19 June 2014 / 0 Comments
Just like their liberal counterparts the Clinton’s can’t seem to find a tax that they don’t support. Also, just like many of their liberal counterparts, the Clinton’s can’t seem to help but be as hypocritical as possible, especially when it comes to taxes. The money guys over at Bloomberg news were recently digging through the Clinton families personal finances when they found some pretty astounding hypocrisy.
Bill and Hillary Clinton have long supported an estate tax to prevent the U.S. from being dominated by inherited wealth. That doesn’t mean they want to pay it.
To reduce the tax pinch, the Clintons are using financial planning strategies befitting the top 1 percent of U.S. households in wealth. These moves, common among multimillionaires, will help shield some of their estate from the tax that now tops out at 40 percent of assets upon death.
The Clintons created residence trusts in 2010 and shifted ownership of their New York house into them in 2011, according to federal financial disclosures and local property records.
Among the tax advantages of such trusts is that any appreciation in the house’s value can happen outside their taxable estate. The move could save the Clintons hundreds of thousands of dollars in estate taxes, said David Scott Sloan, a partner at Holland & Knight LLP in Boston.
Yes, the Clinton’s are among the 1% and yes, the Clintons embody exactly the type of people that the Occupy Wall Street freaks were pretending to hate. Except, most of the Occupy Wall Street protesters would have gladly voted for Hillary Clinton given the chance, (Yes, I am saying that the Occupy Wall Street losers were mostly hypocrites too.)
Don’t get too mad at the Clinton Hypocrisy… remember they were Dead Broke in 2000.
Read more at http://eaglerising.com/6854/clintons-caught-dodging-taxes-support/#UCClYDMH2EZzlCVb.99