Hillary Clinton Wants Higher Estate Taxes, But Not on Her Family
Awesome. Hillary is great at being a hypocrite, as are most liberals, but THIS takes the cake. In her latest scandal, she has decided to heavily tax the wealthy people who have worked their butts off to get where they are, exempting, of course, thieves like herself.
If Hillary gets her way she will increase the estate tax to 65 percent on the wealthiest Americans, according to her latest tax plan.
The Clinton campaign thinks that the increase would raise an addition $75 billion in revenue over the next decade. The current rate maxes out at a lowly 40 percent. Here’s a thought, coming from even the most uneducated business person, myself, it would make more sense to stimulate our own economy, not steal money from our the smart people who work hard for it, and think of ways to cut back our ridiculous spending. COME ON, how long has Hillary been drifting in the White House walls and she shouldn’t have figured that out for herself?! The problem is she simply doesn’t care about the American economy, only about her own personal wealth, which is why she needs to stay as far away from the presidential seat as possible. If she gets in we are all going to the poor house while she gets rich on everyone else’s efforts.
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.
The Clintons even created a life insurance trust in 2010, which will shelter life insurance payments from estate taxes. This is their second trust, the first was created in 1996, according to financial disclosures.
I don’t know about anyone else, but I am seriously sick of Hillary…