Hillary Clinton Wants Higher Estate Taxes, But Not on Her Family

[Clementine]

Typical. She wants to raise estate taxes so government can grab more of our money, but she and Bill have planned it so that they won't contribute much. These taxes are for other people, not them and their wealthy friends. She claims it's only right to tax people more but she doesn't want to pay her fair share.




"Hillary Clinton wants to increase the estate tax to 65 percent on the wealthiest Americans, according to her latest tax plan.

The Clinton campaign estimates that the increase would raise an addition $75 billion in revenue over the next decade. The current rate maxes out at 40 percent.

But Hillary Clinton and her husband Bill have created a number of tax shelters in recent years to dramatically limit their payment of the very same tax. As Bloomberg reported back in 2014: "To reduce the tax pinch, the Clintons are using financial planning strategies befitting the top 1 percent of U.S. households in wealth."

In 2010 the Clinton created "residential trusts" and the following year moved their Chappaqua estate into the trust, according to their financial records. As David Scott Sloan, a partner at the firm Holland Knight explained the Clinton trust to CBS News, "You’re creating things that are going to be on the nontaxable side of the balance sheet when they die."

The move will save the Clintons hundreds of thousands of dollars in estate taxes, according to accountants quoted by Bloomberg.

Even more substantial, the Clintons created a life insurance trust in 2010, which will shelter life insurance payments from estate taxes. This is their second such trust. The first was created in 1996, according to financial disclosures."



http://www.breitbart.com/2016-presidential-race/2016/09/23/hillary-clinton-wants-higher-estate-taxes-but-not-on-her-family/

 

[Clementine]

Seriously, libs, don't you find it wrong for her to raise this tax when she has taken every step to avoid it? If they think it's the right thing to do, then why aren't they willing to put their own money where their mouths are?

 

[Zoom-boing]

Won't other people do the same thing, shelter their bucks to keep gov't paws off it?

 

[Care4all]

Unlike Trump, the Clintons ARE PAYING their taxes while ALIVE....nearly 30% of their incomes....

What is Trump paying in taxes, zero to nil?

 

[Care4all]

Seriously, libs, don't you find it wrong for her to raise this tax when she has taken every step to avoid it? If they think it's the right thing to do, then why aren't they willing to put their own money where their mouths are?

Do you actually believe the billionaires that have gone through life relatively tax free, have not set up trusts etc to reduce their children's tax burden upon their deaths??

 

[Toddsterpatriot]

Unlike Trump, the Clintons ARE PAYING their taxes while ALIVE....nearly 30% of their incomes....

What is Trump paying in taxes, zero to nil?

Yes, the Clinton's should be commended for paying taxes on a portion of their bribes.

 

[hazlnut]

Typical. She wants to raise estate taxes so government can grab more of our money, but she and Bill have planned it so that they won't contribute much. These taxes are for other people, not them and their wealthy friends. She claims it's only right to tax people more but she doesn't want to pay her fair share.




"Hillary Clinton wants to increase the estate tax to 65 percent on the wealthiest Americans, according to her latest tax plan.

The Clinton campaign estimates that the increase would raise an addition $75 billion in revenue over the next decade. The current rate maxes out at 40 percent.

But Hillary Clinton and her husband Bill have created a number of tax shelters in recent years to dramatically limit their payment of the very same tax. As Bloomberg reported back in 2014: "To reduce the tax pinch, the Clintons are using financial planning strategies befitting the top 1 percent of U.S. households in wealth."

In 2010 the Clinton created "residential trusts" and the following year moved their Chappaqua estate into the trust, according to their financial records. As David Scott Sloan, a partner at the firm Holland Knight explained the Clinton trust to CBS News, "You’re creating things that are going to be on the nontaxable side of the balance sheet when they die."

The move will save the Clintons hundreds of thousands of dollars in estate taxes, according to accountants quoted by Bloomberg.

Even more substantial, the Clintons created a life insurance trust in 2010, which will shelter life insurance payments from estate taxes. This is their second such trust. The first was created in 1996, according to financial disclosures."



http://www.breitbart.com/2016-presidential-race/2016/09/23/hillary-clinton-wants-higher-estate-taxes-but-not-on-her-family/

Estate tax kicks in at $5.4 million - about 0.02% Americans.

In other words, not you.

 

[Clementine]

Unlike Trump, the Clintons ARE PAYING their taxes while ALIVE....nearly 30% of their incomes....

What is Trump paying in taxes, zero to nil?

People who are against this money grab should do what they can to keep their money.

But those who think taxes should be raised are complete hypocrites when they personally avoid it.

That is the issue here. If she wants others to pay, she damn sure better be willing to pay herself.

 

[Care4all]

Do you actually think that when Congress passes laws like this... they have not already considered all of the tax laws on the books that reduces the amount of the estate's value being taxed upon death?

 

[Care4all]

Buffet, buys 1000 shares of stock at $1 a share, $1000 investment....the thousand dollars was after tax....

the stock over 30 years of his ownership, went to $1000 a share, so this 1000 shares of stock that he paid $1000 for, has now grown to be worth $1 million....he has only paid taxes on the $1000 and has not paid taxes on the $999,000 in capital gains he earned....kept it tax free throughout the 30 years.... this and many other situations like this that the wealthiest can use to shelter paying taxes while alive, is WHY estate taxes are FAIR.

Even us peons, that only have a simple 401k that was in stocks tax free, when we withdraw from our 401k's we have to pay taxes on it.

 

[koshergrl]

Do you actually think that when Congress passes laws like this... they have not already considered all of the tax laws on the books that reduces the amount of the estate's value being taxed upon death?

"Don't think, let somebody else do that for you!"

 

[koshergrl]

Buffet, buys 1000 shares of stock at $1 a share, $1000 investment....the thousand dollars was after tax....

the stock over 30 years of his ownership, went to $1000 a share, so this 1000 shares of stock that he paid $1000 for, has now grown to be worth $1 million....he has only paid taxes on the $1000 and has not paid taxes on the $999,000 in capital gains he earned....kept it tax free throughout the 30 years.... this and many other situations like this that the wealthiest can use to shelter paying taxes while alive, is WHY estate taxes are FAIR.

Even us peons, that only have a simple 401k that was in stocks tax free, when we withdraw from our 401k's we have to pay taxes on it.

How does this have anything to do with your heroine, Hillary?

 

[Care4all]

Unlike Trump, the Clintons ARE PAYING their taxes while ALIVE....nearly 30% of their incomes....

What is Trump paying in taxes, zero to nil?

Yes, the Clinton's should be commended for paying taxes on a portion of their bribes.

Ya know what todd, if you want to go around and pass along your silly and stupid lies, go right ahead....be like the rest of the liars here on this board....it's all fun and games I suppose...

the clintons, have taken NOTHING from the Foundation Charity Donations.....nada, nilch, zip, zilch, not a single dime.....so go ahead, lie all you want...it's you that has to meet your maker some day....

 

[koshergrl]

Unlike Trump, the Clintons ARE PAYING their taxes while ALIVE....nearly 30% of their incomes....

What is Trump paying in taxes, zero to nil?

Yes, the Clinton's should be commended for paying taxes on a portion of their bribes.

Ya know what todd, if you want to go around and pass along your silly and stupid lies, go right ahead....be like the rest of the liars here on this board....it's all fun and games I suppose...

the clintons, have taken NOTHING from the Foundation Charity Donations.....nada, nilch, zip, zilch, not a single dime.....so go ahead, lie all you want...it's you that has to meet your maker some day....

That's funny.

 

[koshergrl]

"Ortel, managing director of Newport Value Partners LLC, contends PWC, which began auditing the Clinton Foundation in 2013, allowed the Clintons to continue diverting millions of dollars donated for charitable purposes to the personal enrichment and benefit of themselves and their close associates, a crime called inurement.

"Ortel says the Clintons siphoned tens of millions of dollars annually from funds received by the Clinton Foundation’s Clinton Health Access Initiative from UNITAID, a global health initiative to fight HIV/AIDS, Malaria and Tuberculosis that is financed mostly by a levy on airline tickets. UNITAID, which negotiates low prices for drugs and diagnostics, implements its work through groups like the Clinton Health Access Initiative, also known as CHAI."


Read more at ‘Big 4’ firm ‘let Clintons skim millions from AIDS charity’

 

[namvet]

also raise tax's on the middle class. I think her lifeboat just left the Titanic

 

[koshergrl]

"When Hillary Clinton agreed to be Secretary of State during President Obama's first term, she promised her distance from the Clinton Foundation. The foundation also agreed to limit foreign donations.

Both agreements were for good reasons. Foreign officials and governments were big donors to the Clintons' family foundation, and there were concerns in the Obama administration about conflicts of interest between the foundation and Hillary Clinton's work at Secretary of State.

But over the past year, evidence has emerged that both Clinton and the foundation failed to live up to those promises. Clinton and her top officials continued to have a cozy relationship with the foundation throughout her tenure at State, and evidence strongly suggest that Clinton was granting access and favors to major Clinton Foundation donors.

In addition, the Clinton Foundation accepted millions of donations from foreign governments while Hillary was at State, including one that violated an ethics agreement it had with the Obama administration.

The story came to light after the release of a groundbreaking book by Peter Schweizer — called "Clinton Cash" -- which uncovered a serious of State Department decisions that appeared to favor big Clinton Foundation donors.

Emails that emerged more recently made it clear that donors received special access and attention from Clinton and her top aides. An AP story found that more than half the private visitors Clinton received at State were donors to her family foundation..."
Clinton Foundation Scandal

 

[koshergrl]

 

[Toddsterpatriot]

Unlike Trump, the Clintons ARE PAYING their taxes while ALIVE....nearly 30% of their incomes....

What is Trump paying in taxes, zero to nil?

Yes, the Clinton's should be commended for paying taxes on a portion of their bribes.

Ya know what todd, if you want to go around and pass along your silly and stupid lies, go right ahead....be like the rest of the liars here on this board....it's all fun and games I suppose...

the clintons, have taken NOTHING from the Foundation Charity Donations.....nada, nilch, zip, zilch, not a single dime.....so go ahead, lie all you want...it's you that has to meet your maker some day....

Ya know what todd, if you want to go around and pass along your silly and stupid lies

What's the lie? That they pay taxes....or that they should be commended?

the clintons, have taken NOTHING from the Foundation Charity Donations

They haven't used a dime to pay cronies? Are you sure?

 

[LeftofLeft]

Typical. She wants to raise estate taxes so government can grab more of our money, but she and Bill have planned it so that they won't contribute much. These taxes are for other people, not them and their wealthy friends. She claims it's only right to tax people more but she doesn't want to pay her fair share.




"Hillary Clinton wants to increase the estate tax to 65 percent on the wealthiest Americans, according to her latest tax plan.

The Clinton campaign estimates that the increase would raise an addition $75 billion in revenue over the next decade. The current rate maxes out at 40 percent.

But Hillary Clinton and her husband Bill have created a number of tax shelters in recent years to dramatically limit their payment of the very same tax. As Bloomberg reported back in 2014: "To reduce the tax pinch, the Clintons are using financial planning strategies befitting the top 1 percent of U.S. households in wealth."

In 2010 the Clinton created "residential trusts" and the following year moved their Chappaqua estate into the trust, according to their financial records. As David Scott Sloan, a partner at the firm Holland Knight explained the Clinton trust to CBS News, "You’re creating things that are going to be on the nontaxable side of the balance sheet when they die."

The move will save the Clintons hundreds of thousands of dollars in estate taxes, according to accountants quoted by Bloomberg.

Even more substantial, the Clintons created a life insurance trust in 2010, which will shelter life insurance payments from estate taxes. This is their second such trust. The first was created in 1996, according to financial disclosures."



http://www.breitbart.com/2016-presidential-race/2016/09/23/hillary-clinton-wants-higher-estate-taxes-but-not-on-her-family/

Everyone should do what she does.....simply create a foundation.