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Topic	Those of you here who are against the estate tax...........?
EndOfDiscOne 12/18/17 2:59:58 PM #33:	Smallville posted... josifrees posted... Smallville posted... josifrees posted... And there is a few ways to legally get around death taxes. yeah but the govt's lawyers are also very aware of those loopholes and they're probably on the look out for them also in cases where the estate tax applies, heck bill davidson's widow the former owner of the pistons was forced to sell the team because of estate taxes If you set up a corporation and keep your wealth in that, when you pass there is no taxes and there so loophole unless the IRS intends to start to tax corporate management changes. what? never heard of this. Could this be what gates and zuckerburg etc. are thinking when they say they will give 99 perc. of their fortunes to charity? Not really sure I don't think this usually works because the ownership interest in the corporation is taxed in the estate. I think there are exceptions like with closely held family businesses. This isn't my area of expertise. --- I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna *COMBINED!* <cite>EndOfDiscOne posted [p:892449495] in Those of y... [t:76109141]...</cite> <quote><cite>Smallville posted...</cite> <quote><cite>josifrees posted...</cite> <quote><cite>Smallville posted...</cite> <quote><cite>josifrees posted...</cite> <quote>And there is a few ways to legally get around death taxes.</quote> yeah but the govt's lawyers are also very aware of those loopholes and they're probably on the look out for them also in cases where the estate tax applies, heck bill davidson's widow the former owner of the pistons was forced to sell the team because of estate taxes</quote> If you set up a corporation and keep your wealth in that, when you pass there is no taxes and there so loophole unless the IRS intends to start to tax corporate management changes.</quote> what? never heard of this. Could this be what gates and zuckerburg etc. are thinking when they say they will give 99 perc. of their fortunes to charity? Not really sure</quote> I don't think this usually works because the ownership interest in the corporation is taxed in the estate. I think there are exceptions like with closely held family businesses. This isn't my area of expertise. --- I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna COMBINED!</quote> ... Copied to Clipboard!
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