The $84 Trillion Inheritance Nobody Is Taxing | Office Hours
The $84 Trillion Inheritance Nobody Is Taxing | Office Hours
https://www.youtube.com/watch?v=mgcuW5FbHbA
Tag: loophole
Our Tax System Should Make You Furious | The Ezra Klein Show
Jeff Bezos pays himself an 82k salary even though he is the head of a massive company, Amazon, but he is fabulously wealthy through his stock, which he can use to take out loans tax free. So, he lives a tremendously wealthy lifestyle while paying very little taxes. This is legal. The estate tax is supposed to make up for this, but it is riddled with loopholes.
https://www.youtube.com/watch?v=mX5U5DNUfBc
Bloomberg to transfer $18 million to national Democrats’ 2020 battleground efforts
“Bloomberg’s contribution appears to rely on the campaign finance loophole allowing campaigns to transfer unlimited funds to party committees in an election year.
As an individual, Bloomberg is only allowed to contribute approximately $35,000 a year to the DNC. But he can transfer unlimited money to his own campaign, which in turn can transfer an unlimited amount of funding to the party.”