3 ms·
Trusts. It's relatively easy to hide who owns what.
by charlie0 2y ago
Trusts. It's relatively easy to hide who owns what.
- deleted 2y ago[deleted]
- jeffparsons 2y agoThis is solvable. If a trust owns the property, default to the highest tax rate. The trustee is then responsible for providing proof of the beneficial owner(s) if they want the "discount" rate.
- georgeburdell 2y agoThis is basically how income tax law works for trusts. The highest tax bracket is reached very quickly to quash the first order shenanigans that might result from more preferential treatment
- popol12 2y agoyou skimmed over this part of his message: > automatically charge this elevated rate for properties owned by non-natural persons