CrapCo Corp. Inc.

Paying Taxes… or not

I couldn’t believe it when I saw this article at Bloomberg Businessweek. It has all the tricks we ultra rich CEO’s use to avoid paying estate taxes and capital gains tax. As I’m sure your aware these are the two most hated of all the various taxes, tarrifs and levies the federal government imposes on us hard working millionaires. As I noted previously it’s hard to get by these days on just a million or two and it doesn’t add up as fast if the govenment takes it’s share. 

I was incensed when I saw they released all of our “tricks of the trade”, the loopholes and legal gymnastics we can use to hang on to more of our money longer. Strategies like the “No Sale Sale”, and the the “Estate Tax Eliminator” that the president’s new buddy Jeff Immelt the CEO of GE uses to sheild some of his bundle, are supposed to be our little secret. Now the governement knows all the tricks we use and the congress might investigate and implement some type of tax reforms that close all of these loopholes. Oh damn… I fogot! Over half of the members of congress are millionaires too and lots of their money and power comes from lobbists who work for corporations using the tax loopholes as well.  

The poor naive masses talk about fairness and flat taxes but probably don’t even know that the US Patent Office began issuing patent protection on “tax strategies” in 2006. One US department helping the rich fight another.

Is this a great country or what.

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