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Estate tax in the US only hits the upper-middle class. The rich avoid it entirely. What makes my blood boil is that politicians that support raising the estat
by nostromo 12y ago
Estate tax in the US only hits the upper-middle class. The rich avoid it entirely.
What makes my blood boil is that politicians that support raising the estate tax use trusts to avoid paying it. People like the Clintons:
http://www.bloomberg.com/news/articles/2014-06-17/wealthy-clintons-use-trusts-to-limit-estate-tax-they-back http://www.bloomberg.com/news/articles/2014-06-17/wealthy-cl...
They're not alone... The Kennedys, the Pelosis, even Noam Chomsky is set up to avoid paying the estate tax!
http://www.hoover.org/research/noam-chomsky-closet-capitalist http://www.hoover.org/research/noam-chomsky-closet-capitalis...