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0 taxation on assets or income and it's available to people living outside of the state. So rich people can avoid paying taxes.
by yboris 3y ago
0 taxation on assets or income and it's available to people living outside of the state.
So rich people can avoid paying taxes.
- lotsofpulp 3y agoIt’s for avoiding federal taxes. The federal government can fix the situation anytime it wants, and it won’t matter where in the US people live.
- SoftTalker 3y agoSpecifically for avoiding tranfer/inheritance taxes. Any money actually paid out of the trust to a beneficiary is subject to that individuals federal income taxes.
- verall 3y ago> [A functioning federal government could] fix the situation anytime it wants