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Jeff Jeff is offline
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First recorded activity by BoatBanter: Jul 2006
Posts: 1,301
Default Ayn Rand Cures Global Warming!

Gilligan wrote:
Yup... of course, people didn't have even close to the equivalent of
$65 billion.

And consider how much tax will actually get paid on that fortune. First of
all, its impossible to spend it, so the bulk of it will go to the trust
tax free. In return for that honor, Bill gets to decide how it is doled
out.


Trusts are taxed higher than individuals.


Charitable trusts??? What's their tax rate?