Trusts may have some justification to ensure the continuance of a fortune (as when knights left for an extended period during the Crusades). But that does not meam that they should not be subject to the same tax regime as any other taxpayer or business. In this case the wealth piled up by Ross (mostly by financial speculation) may escape inheritance taxes - so close to a billion passes to a group of beneficiaries while working income is heavily taxed.
New York Post via MarketWatch
Mike Johnson Goes Full Neocon, Nikki Haley May as Well Be House Speaker
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In a speech that Nikki Haley would endorse 100 percent, Speaker Mike
Johnson begs the House to approve more aid to Ukraine and Israel to the
tune of $95 bi...
4 hours ago
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