Ninety miles from the South Eastern tip of the United States, Liberty has no stead. In order for Liberty to exist and thrive, Tyranny must be identified, recognized, confronted and extinguished.
George Soros Caught Hiding $18 Billion From IRS – “Biggest Tax Dodge Ever”!
90 Miles From Tyranny
Ninety miles from the South Eastern tip of the United States, Liberty has no stead. In order for Liberty to exist and thrive, Tyranny must be identified, recognized, confronted and extinguished.
Soros transferred $18 billion of his fortune to a private charity he controls in order to shelter it from the Internal Revenue Service.
Wsj.com reports: This may be the single biggest tax dodge in U.S. history, yet no one on the right or left seems to have raised an eyebrow.
True tax reform is predicated on the principle that all income should be taxed at a low rate once, and only once. But much of the wealth that Mr. Soros spent years moving into his Open Society Foundations will never be taxed. A gift of billions of dollars of appreciated stock escapes any capital gains tax, and the estate tax as well. So Mr. Soros can donate appreciated stock that Open Society Foundations can liquidate without the government ever taking a cut.
There’s more. When a person donates untaxed, appreciated assets to a private foundation, he may also deduct up to 20% of its market value on his personal return, carrying forward this deduction for five years. This double write-off may be the sweetest deal in the tax code.
The donors also can retain control of the money within the private foundation for years or even decades before it is disbursed. Since the foundation can employ family members at six-figure salaries for life to “administer” it, the umbilical cord to the donor never has to be cut.
Congress should stop ignoring this tax-avoidance scheme. The super rich have already poured hundreds of billions into private foundations, but the figure could soon be in the trillions. Mark Zuckerberg has pledged to give away 99% of his Facebook shares, currently estimated to be worth somewhere around $70 billion, and much of it will go to a foundation his family controls. Bill Gates and Warren Buffett have each put roughly $30 billion tax-free into the Bill and Melinda Gates Foundation. This has left the foundation so flush that it spent $500 million on a 12-acre, 900,000-square-foot office complex in Seattle for.....
Continue Reading:>>>>>Here
"FIGHTING FOR FREEDOM AND LIBERTY"
Stand Up To Government Corruption and Hypocrisy
NEVER FORGET THE SACRIFICES
BY OUR VETERANS Note: We at Friends of Liberty cannot make any warranties about the completeness, reliability and accuracy of this information.
Don't forget to follow the Friends Of Liberty on Facebook and our Page also Pinterest , Twitter , Tumblr and Google Plus PLEASE help spread the word by sharing our articles on your favorite social networks.
LibertygroupFreedom 
Friends of Liberty is a non-partisan, non-profit organization with the mission to Educate, protect and defend individual freedoms and individual rights.
Support the Trump Presidency and help us fight Liberal Media Bias. Please LIKE and SHARE this story on Facebook or Twitter.
WE THE PEOPLE
TOGETHER WE WILL MAKE AMERICA GREAT AGAIN!
Join The Resistance and Share This Article Now!
Help us spread the word about the Friends Of Liberty Blog we're reaching millions help us reach millions more.
‼️️ ♻️ PLEASE SHARE ♻️ ‼️️
Please SHARE this now! The Crooked Liberal Media will hide and distort the TRUTH. It’s up to us, Trump social media warriors, to get the truth out. If we don’t, no one will!
Share this story on Facebook and let us know because we want to hear YOUR voice!
Please SHARE this now! The Crooked Liberal Media will hide and distort the TRUTH. It’s up to us, Trump social media warriors, to get the truth out. If we don’t, no one will!
Share this story on Facebook and let us know because we want to hear YOUR voice!
No comments:
Post a Comment