How Romney Was Able to Put $100 Million into a Family Trust Without Paying Any Gift Taxes

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“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

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