TAX-DODGING 'SHELL GAME' 'And they are doing this in the open: their wealth managers are bragging about how their tax dodging tricks will be more effective in the current economy.'
s as"an efficient way to transfer wealth with little or no gift tax liability." The person setting up the GRAT — a grantor — can put some assets into the trust and receive an annuity payment every year, based on the value of the assets. Typically, JPMorgan writes, GRATs are structured so that the annuity payments"zero out" the value of the trust's assets, letting the grantor pass their wealth on tax-free.
Allowing wealthy people who set up trusts for heirs to pay gift taxes for those trusts without penalty — essentially increasing the size of the gift they're giving
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Argentine Tax Authority AFIP Detects Irregularities in 184 Digital Wallet Tax Statements – Taxes Bitcoin NewsThe AFIP announced that it had discovered a series of irregularities involving at least 184 taxpayers, who failed to refer to their digital and cryptocurrency holdings in tax statements.
Baca lebih lajut »
Don’t confuse your income tax refund for your N.J. ANCHOR payment despite what it is calledIncome tax refund checks say on the top: “Property Tax Relief Fund,” confusing some taxpayers.
Baca lebih lajut »
Republican bills push cash bail, subvert Democratic changesRepublican lawmakers across the country are pushing to increase the use of cash bail and pretrial detention. Their efforts run counter to Democratic measures that have sought to eliminate cash bail and ensure most defendants are released before trial.
Baca lebih lajut »
Democratic Arizona senator says there are 'risks involved' in potential Trump indictment | CNN PoliticsDemocratic Arizona Sen. Mark Kelly acknowledged there are 'risks involved' in the potential indictment of former President Donald Trump by the Manhattan district attorney while reiterating that 'nobody in our nation is or should be above the law.'
Baca lebih lajut »
Republican bills push cash bail, subvert Democratic changesRepublican lawmakers in at least 14 states have proposed bills that would make it harder...
Baca lebih lajut »
Republican bills push cash bail, subvert Democratic changesTheir proposals include increasing the number of non-bailable offenses, requiring more people to pay cash bail and encouraging or requiring judges to consider a defendant’s criminal record when setting bail.
Baca lebih lajut »