OnePercenter
Gold Member
- Apr 10, 2013
- 23,667
- 1,880
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Let me help the enquiring minds.
Properties in NYC, South Beach, Vegas, San Diego, and Avalon, Ca are managed all-enclusive, and are owned and paid by the trust as investments. My personal expences are paid via credit card to a 50 year interest only loan of $1.00/yr. The loan is paid by my estate via life insurance paid by the trust.
Welcome to the world of private non-regulated trusts and the Republicans that made it possible.
You're right, before Republicans, you could never live in a house you bought, pay with a credit card, take out a loan or use life insurance.
Or lie about any or all of the above. LOL!
The isssue is private trusts.
You still haven't explained how the trust drops your tax rate into low single digits, despite multi-million dollar annual incomes.
Perhaps you could do that now?
Proper tax planning.