SuzukiSavage.com - You can't make this stuff up.......

Welcome, Guest. Please Login or Register :: View Members

SuzukiSavage.com › General Category › Politics, Religion (Tall Table) › You can't make this stuff up.......

(Moderators: verslagen1, Dave, Serowbot)

‹ Previous topic | Next topic ›

Pages: 1

You can't make this stuff up....... (Read 27 times)

raydawg

Serious Thumper

Offline

SuzukiSavage.com
Rocks!

Posts: 11551
pacific northwest
Gender: male

You can't make this stuff up.......
06/25/14 at 14:36:06

Bill and Hillary are reportedly using tax advantaged strategies used by multimillionaires.

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.

During Hillary Clinton’s 2008 campaign for the Democratic presidential nomination, she supported a higher estate tax by lowering the personal exemption to $3.5 million versus the current $5.34 million, and setting the top tax rate at 45%.

The Clinton’s finances have come under the microscope as Hillary Clinton promotes her new book, “Hard Choices.” She said in an interview on ABC television that they were “dead broke” by the end of Bill Clinton’s presidency. Critics responded that she didn’t understand the financial hardships of everyday Americans.

Guess we can expect more crickets on this one too, eh, from the liberals..... Huh

“The biggest big business in America is not steel, automobiles, or television. It is the manufacture, refinement and distribution of anxiety.”—Eric Sevareid (1964)

IP Logged

raydawg

Serious Thumper

Offline

SuzukiSavage.com
Rocks!

Posts: 11551
pacific northwest
Gender: male

Re: You can't make this stuff up.......
Reply #1 - 06/25/14 at 15:15:43

Gee..... does it appear their noses are growing too?

This stuff is just too rich...... Grin

Billybob's latest:

Former President Bill Clinton tried to defend his wife’s claim that the family, which has raked in an estimated $155 million since leaving the White House in 2001, is not “truly well off” and crediting her rapid rise into the economic stratosphere to “hard work.” The former president, appearing at an event hosted by the family’s quarter-billion dollar foundation in the swing state of Colorado, defended Hillary Clinton, the 2016 Democratic frontrunner, saying that she was connected to ordinary concerns, in part because the family goes grocery shopping. “We go to our local grocery store on the weekend,” the former president told David Gregory, an NBC News host who was part of the Clinton event. “We talk to people in our town. We know what’s going on. The real issue is, if you’ve been fortunate enough to be successful, are you now out of touch and insensitive to the agonizing struggles other people are facing? That’s the real issue.”

When they do go to the market, the Clintons aren’t likely encountering much in the way of “agonizing” economic issues.
The Clinton’s hometown, Chappaqua, N.Y., was recently ranked as having the fifth-wealthiest Zip Code in the nation. The former president did say that his wife’s claims of hardship were not the “most adept.”

Oh such a tangle web we weave....... Shocked

“The biggest big business in America is not steel, automobiles, or television. It is the manufacture, refinement and distribution of anxiety.”—Eric Sevareid (1964)

IP Logged

Pages: 1

‹ Previous topic | Next topic ›

« Home