3 ms·
I mean, foundations and trusts, especially, are artifacts of a complex tax code. LLCs maybe less so. Overseas operations much less so. And look, the complexi
by aetherson 8y ago
I mean, foundations and trusts, especially, are artifacts of a complex tax code.
LLCs maybe less so. Overseas operations much less so.
And look, the complexity of the tax code isn't (solely) a result of raw dysfunction. We decided that we didn't want to treat all income the same as all other income, and all organizations the same as all other organizations, in ways that are pretty defensible.
But that's generally true of the insanely high-complexity legal systems of modern countries: most individual decisions make sense, but the aggregate result of them is bewildering, easily-parasitized complexity.