Tuesday, June 17, 2014

Clintons: Taxes for Thee, But Not for Me

Here we have a classic case of lefty hypocrisy, although hardly an innovative one - the Kennedy clan was/is famous for the use of trusts and other state-of-the-art estate planning techniques designed to protect their dynastic wealth from the taxman.  This kind of hypocrisy is so conventional among elitist lefties that it hardly registers on the outrage meter anymore.
Wealthy Clintons Use Trusts to Limit Estate Tax They Back
 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.
In a better world, this would matter to people.  Nope, the Clintons will remain paragons of virtue, selflessness, and public-spiritedness in the eyes of the public for it must be so to maintain and accrue more political power for progressive elites.


Post a Comment

<< Home