Hypocrisy Much? Clintons Took Pains To Avoid Taxes They Publicly Support

1,735 Shares By Michael Hausam 13 hours ago



According to Bloomberg, in 2010 the Clintons changed the ownership status of their New York home, which they bought in 1999 for $1.7 million, to take advantage of current estate tax rules.
What they did is divide the ownership into two separate trusts that pass to on to Chelsea after 10 years. After that period they will have to pay rent to her, but any growth in the value of the home remains outside of their estate. And thereby limit estate taxes.
Doesn’t everyone do that if they have the financial wherewithal? Isn’t it the responsible thing to do?
Of course and of course.
But on the other hand, not everyone uses their bully pulpit to publicly support estate taxes. This is exactly what the Clintons have done.
Consider these facts:

  1. Hillary supported capping the estate tax exemption and increasing the top rate to 45% in her last campaign for President.
  2. In 2007 she said “The estate tax has been historically part of our very fundamental belief that we should have a meritocracy.”
  3. She also said that without the state tax, the country could become “dominated by inherited wealth.”
  4. Bill vetoed a proposal to repeal the state tax in 2000.
  5. At the time he said that keeping the estate tax was an issue of “fiscal responsibility and fairness.”



In other words, do as we say, just not as we do.

http://www.ijreview.com/2014/06/1483...licly-support/