dit: also, everyone Nice I Am A Veteran Like My Father Before Me Shirt. But even assuming there’s no active effort of dissolution, you’re stating the money would. Have to get spent within 50yrs of death anyway….so where is the bad play? There’s also an “expense” arm and in the case of using a foundation as an estate tax minimization tool, those numbers should typically be 1:1. The reason why is that you’re actively trying to push out dollars in the form of salary to friends/family members/tax entities that pay a lower rate of income tax than the decedent would have paid in estate tax. The fact the Gates’s foundation is designed to run as if it had a. 1:1 ratio of growth/costs suggests very much that it’s a transfer tax avoidance tool for him.
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E For what it’s Nice I Am A Veteran Like My Father Before Me Shirt from. GST tax in any efficient manner (look up the ETIP rules if you’re curious), but IDGTs. Defective sales allow for similar results and all of these tools. Are made available to those seeking to maximize tax efficiency. The dude has literally dedicated his entire wealth to making the world a better place, I don’t think the guy whose okay with donating that much to charity would have any problems with paying his fair share on taxes. If you can call the collection of you money and belongings an estate, then it should indeed be taxed. Most middle-class people do not have a collection of crap. Be it real estate or just money, the they can call an estate with a straight face.
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