Mr Malone escaped about $200 million in personal taxes

[barryqwalsh]

The day before the deal was announced, Mr Malone - the company’s chairman and controlling shareholder - transferred $600 million of his shares into a tax-exempt charitable trust. He avoided paying taxes on his remaining stake, worth about $260 million, by exploiting IRS regulations meant to block a different loophole.

All told, Mr Malone escaped about $200 million in personal taxes, and Liberty Global’s US shareholders together likely saved more than a billion dollars, according to data compiled byBloomberg.

“He’s congenitally averse to paying taxes,” said Robert Willens, an independent tax accounting analyst in New York City.

Irish American billionaire escapes paying 200m in taxes

 

[Rotagilla]

...and since congress (both Dem and Rep.) writes tax law nothing will ever change.

and that's EXACTLY how the politicians want it.

 

[Delta4Embassy]

The day before the deal was announced, Mr Malone - the company’s chairman and controlling shareholder - transferred $600 million of his shares into a tax-exempt charitable trust. He avoided paying taxes on his remaining stake, worth about $260 million, by exploiting IRS regulations meant to block a different loophole.

All told, Mr Malone escaped about $200 million in personal taxes, and Liberty Global’s US shareholders together likely saved more than a billion dollars, according to data compiled byBloomberg.

“He’s congenitally averse to paying taxes,” said Robert Willens, an independent tax accounting analyst in New York City.

Irish American billionaire escapes paying 200m in taxes

Cool, who's his accountant?

This isn't the sort of thing people should use to cast dispersions because it's only gonna portray the person as savvy and bright.

 

[Rotagilla]

The day before the deal was announced, Mr Malone - the company’s chairman and controlling shareholder - transferred $600 million of his shares into a tax-exempt charitable trust. He avoided paying taxes on his remaining stake, worth about $260 million, by exploiting IRS regulations meant to block a different loophole.

All told, Mr Malone escaped about $200 million in personal taxes, and Liberty Global’s US shareholders together likely saved more than a billion dollars, according to data compiled byBloomberg.

“He’s congenitally averse to paying taxes,” said Robert Willens, an independent tax accounting analyst in New York City.

Irish American billionaire escapes paying 200m in taxes

Cool, who's his accountant?

This isn't the sort of thing people should use to cast dispersions because it's only gonna portray the person as savvy and bright.

"cast dispersions?" (sic)

It's always comical when people use words or phrases they don't understand.

 

[Delta4Embassy]

The day before the deal was announced, Mr Malone - the company’s chairman and controlling shareholder - transferred $600 million of his shares into a tax-exempt charitable trust. He avoided paying taxes on his remaining stake, worth about $260 million, by exploiting IRS regulations meant to block a different loophole.

All told, Mr Malone escaped about $200 million in personal taxes, and Liberty Global’s US shareholders together likely saved more than a billion dollars, according to data compiled byBloomberg.

“He’s congenitally averse to paying taxes,” said Robert Willens, an independent tax accounting analyst in New York City.

Irish American billionaire escapes paying 200m in taxes

Cool, who's his accountant?

This isn't the sort of thing people should use to cast dispersions because it's only gonna portray the person as savvy and bright.

"cast dispersions?" (sic)

It's always comical when people use words or phrases they don't understand.

Could be worse, I could be an elected official into trying to use the word "literally."

 

[Rotagilla]

The day before the deal was announced, Mr Malone - the company’s chairman and controlling shareholder - transferred $600 million of his shares into a tax-exempt charitable trust. He avoided paying taxes on his remaining stake, worth about $260 million, by exploiting IRS regulations meant to block a different loophole.

All told, Mr Malone escaped about $200 million in personal taxes, and Liberty Global’s US shareholders together likely saved more than a billion dollars, according to data compiled byBloomberg.

“He’s congenitally averse to paying taxes,” said Robert Willens, an independent tax accounting analyst in New York City.

Irish American billionaire escapes paying 200m in taxes

Cool, who's his accountant?

This isn't the sort of thing people should use to cast dispersions because it's only gonna portray the person as savvy and bright.

"cast dispersions?" (sic)

It's always comical when people use words or phrases they don't understand.

Could be worse, I could be an elected official into trying to use the word "literally."

..or just stick with words and phrases you actually understand and know the definition of.
Whatever's easiest.

 

[EdwardBaiamonte]

...and since congress (both Dem and Rep.) writes tax law nothing will ever change.

and that's EXACTLY how the politicians want it.

well thats not true, Republicans have tried the flat tax, the balanced budget amendment and many alternatives. The loopholes in the laws are put there by liberals. Conservatives want to simplify govt and reduce it.

 

[Mad Scientist]

...and since congress (both Dem and Rep.) writes tax law nothing will ever change.
and that's EXACTLY how the politicians want it.

That's cute how you think Congress writes Tax Laws. Oh yeah, they PASS Laws, but that doesn't mean they wrote them or even read them. They're only there to PASS whatever's put in front of them.

Don't beleive me? Well you remember this phrase about ObamaCare?:

"We have to pass it to find out what's in it!"

 

[Rotagilla]

...and since congress (both Dem and Rep.) writes tax law nothing will ever change.
and that's EXACTLY how the politicians want it.

That's cute how you think Congress writes Tax Laws. Oh yeah, they PASS Laws, but that doesn't mean they wrote them or even read them. They're only there to PASS whatever's put in front of them.

Don't beleive me? Well you remember this phrase about ObamaCare?:

"We have to pass it to find out what's in it!"

I remember it well..I was not amused.
I'm not going to quibble over a non issue. if you can prove that someone else is writing them go ahead..as it is, congress writes the tax laws in this country...if you don't like the tax laws take it up with your congressman.

 

[Rotagilla]

...and since congress (both Dem and Rep.) writes tax law nothing will ever change.

and that's EXACTLY how the politicians want it.

well thats not true, Republicans have tried the flat tax, the balanced budget amendment and many alternatives. The loopholes in the laws are put there by liberals. Conservatives want to simplify govt and reduce it.

whoever tried whatever doesn't matter...congress writes the laws and is responsible for what's in them..both dems and reps.
if so and so has offshore accounts..it's congress fault..if someone is legally avoiding paying a fair share..it's congress fault...they write the laws and any loopholes or exemptions are on them