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Bill & Hillary Clinton Avoid Estate Tax They Have Long Championed...
    #20957636 -

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.

Associated Depressed
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At least they aren't the classic liberal hypocrites we often have to deal with.


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There is no truer calling for mankind than that of true conservatism.

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Re: Bill & Hillary Clinton Avoid Estate Tax They Have Long Championed... [Re: mpd]
    #20957688 -

Of course they're exempt. Clinton and co flew coke into Mena, Arkansas and shipped guns out to the contras

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Re: Bill & Hillary Clinton Avoid Estate Tax They Have Long Championed... [Re: thenutflush]
    #20957952 -

What?


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There is no truer calling for mankind than that of true conservatism.

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Re: Bill & Hillary Clinton Avoid Estate Tax They Have Long Championed... [Re: mpd]
    #20958028 -

I don't care that they are avoiding the tax. They shouldn't even have to pay at all. Unless maybe they have like 6000 acres.

Whats up with a residence trust? Can anybody do that or is it only advantageous if you have an expensive house/property?

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Re: Bill & Hillary Clinton Avoid Estate Tax They Have Long Championed... [Re: Lophosaurus]
    #20958150 -

OMG the Clinton's have a financial advisor, just like every other person who is so fucking rich they have to worry about the estate tax.


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NotSheekle said
“if I believed she was 16 I would become unattracted to her”

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Re: Bill & Hillary Clinton Avoid Estate Tax They Have Long Championed... [Re: koods]
    #20958177 -

Oh never mind. I thought it was talking about property tax. I guess I need to touch up my reading skills

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Re: Bill & Hillary Clinton Avoid Estate Tax They Have Long Championed... [Re: Lophosaurus] * 1
    #20958312 -

They're pretty much avoiding it by being alive too, aren't they?


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http://bunkpolice.com/basic-test-kit/
Vienna Declaration
Salvia Divinorum The Docudrahma

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