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Bill and Hillary Clinton ...
Posted: Jun 18, 2014
use loophole to avoid estate tax they helped to create (New York Post, by Leonard Green, June 17, 2014).
"Hillary and Bill Clinton have used a tactic popular among the 1 percent to avoid paying millions in an estate tax they supported before striking it rich.
Not bad for a couple of “dead broke” people. Penny-pinching probable presidential candidateHillary Clinton and her former leader-of-the-free-world husband, Bill Clinton, have apparently grown quite attached to their money. Despite being self-described paupers on their way out of the White House, the Clintons managed to sock away so much that they now want to shield their wealth from the dreaded estate tax they enthusiastically supported before striking it rich."
Ah ... the lifestyles of the hypocritical rich and famous!
;
So what? They actually DO support closing that loophole. - sm
[ In Reply To ..]Dear conservatives against tax increases: Are their tax advisers not supposed to use the loophole until the democrats manage to close it? Besides Mitt Romney approves of the Clinton's handling of their personal wealth. LOL. The Clintons actually DO support closing that loophole. Unless they campaign and actually DO push through a close of this loophole and then kill themselves so they can still use it before the close goes into effect, I fail to see the issue you're presenting.
The whole "you can't support higher taxes unless you voluntarily pay them when you don't have to" fallacy is very, very old and tired and silly and pointless.
Love your last sentence!! - NM
[ In Reply To ..]:-)
I guess we are all just hypocrits unless we pay more taxes than we have to! - sm
[ In Reply To ..]I'm a hypocrit because I don't pay more taxes than the law requires, even though I support changing the law? Does anybody in America pay more taxes than they have to?
I guess we are all just hypocrits!
we are hypocrits outselves - nana7
[ In Reply To ..]My husband is a truck driver and by the way the tax law is written he can claim soemwhere in the neighborhood of $60.00 a day for every day he is away from home. Since he is gone more than he is home that is a huge deduction we get. He also gets to claim .58 cents per mile even though it does not cost him that much to run. Just those two deductions equal to over $100,000 and as long as his log equals the miles he claims he is within the law. We take every deduction we can LEGALLY take. Do we feel guilty about it. No we don't. Are we cheating No we are not. We pay our estimated tax every 3 months like we are supposed to and most of the time we get a refund back. Yes they keep part of the money but I will not give money to a government that I do not believe in. If we could come up with more tax loop holes we would cause giving them the few thousand dollars that we give them every year just kills me.
So if Hilary and Bill Clinton are using the loop holes good for them. Why shouldn't they. They are citizens just like we are. Show me a government official that does not use the tax loop holes and I'll show you an idiot and someone who is too stupid to hold office. But then again in my opinion they (government officials) are all crooks anyway.
Wouldn't expect anything less from someone who donates - underwear for a tax write off.
[ In Reply To ..]The problem is with the people who actually vote for them. God help this country if those people's votes actually counted.
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