No longer necessary to go offshore to find a tax haven.
Moguls Rent South Dakota Addresses to Dodge Taxes Forever
Zachary R. Mider
Doesn't make much difference economically, since tax applies when the trust is drawn on, and the federal government as currency issuer is not funded by revenue. The amount that remains undrawn on is neutralized as permanent savings.
On the other hand, it thwarts the objective of progressive taxation to counter economic inequality and promotes increasing plutocracy.
Doesn't make much difference economically, since tax applies when the trust is drawn on, and the federal government as currency issuer is not funded by revenue. The amount that remains undrawn on is neutralized as permanent savings.
On the other hand, it thwarts the objective of progressive taxation to counter economic inequality and promotes increasing plutocracy.
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