The Clinton Rule
Tax gymnastics: Clinton style.
During Bill Clinton’s presidency, he and Hillary famously supported a high estate tax on inherited wealth – which includes many a family-owned small business. The Clintons may have left the White House “dead broke,” but today the fabulously wealthy pair are hypocritically seeking to minimize their own tax burden. Bloomberg reports, “To reduce the tax pinch, the Clintons are using financial planning strategies befitting the top 1 percent of U.S. households in wealth. These moves, common among multimillionaires, will help shield some of their estate from the tax that now tops out at 40 percent of assets upon death.” What about the Left’s sacred Buffett Rule? Why are the Clintons not paying their fair share? More…