l*********m
发帖数: 16971 | 1 http://money.msn.com/business-news/article.aspx?feed=BLOOM&date
Federal law requires billionaires such as Adelson who want to leave fortunes
to their children to pay estate or gift taxes of 40 percent on those assets
. Adelson has blunted that bite by exploiting a loophole that Congress
unintentionally created and that the Internal Revenue Service unsuccessfully
challenged.
By shuffling his company stock in and out of more than 30 trusts, he’s
given at least $7.9 billion to his heirs while legally avoiding about $2.8
billion in U.S. gift taxes since 2010, according to calculations based on
data in Adelson’s U.S. Securities and Exchange Commission filings.
Hundreds of executives have used the technique, SEC filings show. These tax
shelters may have cost the federal government more than $100 billion since
2000, says Richard Covey, the lawyer who pioneered the maneuver. That’s
equivalent to about one-third of all estate and gift taxes the U.S. has
collected since then.
The popularity of the shelter, known as the Walton grantor retained annuity
trust, or GRAT, shows how easy it is for the wealthy to bypass estate and
gift taxes.
Covey’s technique is one of a handful of common devices that together make
the estate tax system essentially voluntary, rendering it ineffective as a
brake on soaring economic inequality, says Edward McCaffery, a professor at
the University of Southern California’s Gould School of Law.
Since 2009, President Barack Obama and some Democratic lawmakers have made
fruitless proposals to narrow the GRAT loophole. Any discussion of tax
shelters has been drowned out by the debate over whether to have an estate
tax at all, McCaffery says.
In all, Adelson and his wife, Miriam, have created at least 25 GRATs. At
least 14 of the 25 trusts were zeroed out, according to the calculations
based on SEC filings. Those trusts transferred at least $7.9 billion to
family members, an amount that would otherwise have incurred gift taxes of $
2.8 billion.
The GRAT loophole is unlikely to be plugged anytime soon. President Obama
has included a proposal to limit the GRAT technique in each of his annual
budget plans but hasn’t pressed Congress to act on it, says Kenneth Kies, a
Republican tax lobbyist.
No one knows for sure how much all of these GRATs cost the U.S. government.
The IRS estimates the number of gift-tax returns filed in connection with
new GRATs each year; there were about 1,946 in 2009, according to the most
recent publicly available data. | h****n
发帖数: 3447 | 2 这个真的不能怪富翁富婆们，
自己辛辛苦苦创业赚钱，30%多给政府上企业税，剩下还需要上至少20%多个人所得税。
税后的钱才能花，花的时候还要上8%消费税，花不掉的部分给自己的孩子，对于富翁富
婆们来说，还需要再上40%税。政府什么都不做就是收税。一个收入最后自己能留给孩
子的可能30%都不到，绝大说数都给政府，心理的确难以平衡呀。
fortunes
assets
unsuccessfully
【在 l*********m 的大作中提到】
: http://money.msn.com/business-news/article.aspx?feed=BLOOM&date
: Federal law requires billionaires such as Adelson who want to leave fortunes
: to their children to pay estate or gift taxes of 40 percent on those assets
: . Adelson has blunted that bite by exploiting a loophole that Congress
: unintentionally created and that the Internal Revenue Service unsuccessfully
: challenged.
: By shuffling his company stock in and out of more than 30 trusts, he’s
: given at least $7.9 billion to his heirs while legally avoiding about $2.8
: billion in U.S. gift taxes since 2010, according to calculations based on
: data in Adelson’s U.S. Securities and Exchange Commission filings.
| g*********e
发帖数: 14401 | | l*********m
发帖数: 16971 | 4 那么多穷人要养活，都没工作，工作都跑到海外了
【在 g*********e 的大作中提到】
: 政府太垃圾了 收那么多税居然还赤字
| t******y
发帖数: 748 | 5 让我想起了美国独立战争的起源和人民普素的自由要求：找个新天地不交他妈的政府规
定的狗屁税。 |
|
