“I am not making this up. Certain assets at one time were allowed to be considered of zero value, when being placed in a family trust. I’m all for tax loopholes, but the point here is that the politically active super-wealthy have edges written into the law that give them tax breaks that the rest of us will never see. There is a growing elite in this country that are above all laws and regulations, laws and regulations that anchor down the rest of us.”
http://www.economicpolicyjournal.com/2012/08/how-romney-was-able-to-put-100-million.html
Related posts:
Vial of easily weaponized virus goes missing in Texas
JPMorgan Joins Goldman in Designing Derivatives for a New Generation
Japan lashes out over depreciating dollar and euro
Why cash may never die
U.S. Coast Guard operating secret floating prisons in Pacific Ocean
Ticket quota whistleblower cop loses NYPD suit
Bridges become the hottest new item for thieves to steal
Aereo could bring down broadcast TV
Fed fears risks posed by exit tools; plan almost done
Uruguay becomes first country to legalize marijuana trade
Australian Bitcoin bank seeks regulatory approval
Seeking cheap stocks, chaos no problem? Try Libya
Blood, spit and cops: Nationwide drug roadblocks raise eyebrows
Luxury home prices finally getting too high?
Bitcoin’s Washington problem