Clinton’s Using Careful Strategies to Avoid Tax They Support
Clinton’s Using Careful Strategies to Avoid Tax They Support
Have you ever wondered what wealthy democrats do when tax laws they support and vote for come back to apply to them? Although people typically associate being wealthy with republicans, there are plenty of rich democrats in the nations’ capitol as well. So just what do they do when the taxes they push so hard for take aim at them?
It’s likely that every situation is different, but lets take Bill and Hilary Clinton for example. Although the Clintons have been long-time proponents of an estate tax aimed at preventing the U.S. from being taken over by inherited money, they never said anything about wanting to pay that tax as it applies to them.
That’s why the Clinton’s are using some helpful financial planning strategies that are aimed to assist the wealthiest 1 percent of U.S. households. America’s richest people commonly use these strategies in order to protect them from this estate tax that has now topped out at 40 percent of one’s assets when they die.
The Clinton’s are no different and they have made several moves to help them possibly save hundreds of thousands of dollars. That’s very interesting, since Mr. Clinton vetoed a bill to repeal this very tax back in 2000 when he was the president.
At GROCO, we also understand how these and other valuable tax planning strategies work and we can help you make them work to your benefit as well, just like the Clintons are doing. Just call us at 1-877-CPA-2006 or click here to contact us.
We hope you found this article about “Clinton’s Using Careful Strategies to Avoid Tax They Support” helpful.
If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page or our website at www.GROCO.com. Unfortunately, we no longer give advice to other tax professionals gratis.
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Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com. GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.
Alan L. Olsen, CPA, Wikipedia Bio
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The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.
Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.
The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.
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