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The wealthy can skirt this by hiring tax attorney to gift their assets to some kind of charitable trust and get annuity payments to live off of and pay minimal
by sakopov 4y ago
The wealthy can skirt this by hiring tax attorney to gift their assets to some kind of charitable trust and get annuity payments to live off of and pay minimal to no tax. While the rest of us will actually pay the tax... that is if you find any incentive to even participate in such market. All of these boneheaded ideas only end up taxing normal people in the end. The ultra wealthy have other plans.