Tag: DINO

Jul 01 2014

On the Moral Bankruptcy of the Democratic Party: Charlie Crist (Exhibit A)

I lived in Florida for five years. Because I donated to and volunteered for Democrats in Florida, I find myself on about a billion different fundraising “activist” email lists. So it was no surprise to me that every Democrat running for something in Florida contacted me today to let me know that if I would just chip in $5 or $10 to help candidate X win election Y, they will “fight” to overturn today’s SCOTUS verdicts.

Jun 18 2014

Hillary Clinton: Tax the Rich…Kinda

I wonder if this was one of Hillary’s “hard choices”

Bill and Hillary Clinton have long supported an estate tax to prevent the U.S. from being dominated by inherited wealth. That doesn’t mean they want to pay it.

To reduce the tax pinch, the Clintons are using financial planning strategies befitting the top 1 percent of U.S. households in wealth. These moves, common among multimillionaires, will help shield some of their estate from the tax that now tops out at 40 percent of assets upon death.

SNIP

Among the tax advantages of such trusts is that any appreciation in the house’s value can happen outside their taxable estate. The move could save the Clintons hundreds of thousands of dollars in estate taxes, said David Scott Sloan, a partner at Holland & Knight LLP in Boston.