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Bill And Hillary Clinton Support The Estate Tax... They Just Don't Want To Pay It

Tyler Durden's picture




 

"Do as we say, not as we do" continues to be the policy of the ruling elites in America (and around the world). Having claimed in her book that the Clintons were 'dead broke' after leaving The White House and that she understood the financial struggles of Americans, Bloomberg reports that the Clintons are using financial planning strategies befitting the top 1% of U.S. households in wealth, creating residence trusts and shifting ownership. Crucially, this is all designed to shield their assets from the estate tax (that now tops out at 40% of assets upon death) - a tax that Bill and Hillary Clinton have long supported. “The estate tax has been historically part of our very fundamental belief that we should have a meritocracy,” Hillary Clinton said at a December 2007 appearance, as long as she doesn't have to pay it, it seems.

 

 

As Bloomberg reports,

Bill and Hillary Clinton have long supported an estate tax to prevent the U.S. from being dominated by inherited wealth. That doesn’t mean they want to pay it.

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.

...

The Clintons’ finances are receiving attention as Hillary Clinton tours the country promoting her book, “Hard Choices.” She said in an interview on ABC television that the couple was “dead broke” and in debt when they left the White House in early 2001. After being criticized for her comments, she told ABC’s “Good Morning America” that she understood the financial struggles of Americans.

As we draw closer to 2016, it is worth remembering just what she supports and just what she 'does'...

In her last campaign, Clinton supported making wealthier people pay more estate tax by capping the per-person exemption at $3.5 million and setting the top rate at 45 percent, a policy Obama still supports. Congress decided to go in the other direction and Obama went along as part of a broader compromise. The per-person exemption is now $5.34 million.

The estate tax has been historically part of our very fundamental belief that we should have a meritocracy,” Hillary Clinton said at a December 2007 appearance

Of course, as one tax planner explains, these moves are “pretty standard” planning for people who know they will be subject to the estate tax - so if you're rich enough, you can escape the estate tax...

As Hillary said, "without the estate tax, the country could become dominated by inherited wealth," which appears to be only acceptable if its Clinton 'inherited wealth'.

 

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Tue, 06/17/2014 - 13:28 | 4865712 Itchy and Scratchy
Itchy and Scratchy's picture

Clinton Creedo : Do unto others!

Tue, 06/17/2014 - 13:30 | 4865727 TeamDepends
TeamDepends's picture

Hey Hill, how's your book doing?

Tue, 06/17/2014 - 13:32 | 4865737 Newsboy
Newsboy's picture

Family Farm Exemption; they're missing the family farm exemption.

Farm Hillary, Farm!

Tue, 06/17/2014 - 13:40 | 4865775 Buckaroo Banzai
Buckaroo Banzai's picture

Taxes for thee, but not for me!

Tue, 06/17/2014 - 14:11 | 4865973 Pool Shark
Pool Shark's picture

 

 

"I'm shocked, shocked! to discovery Hillary Clinton is a hypocrite!"

"Round up the usual suspects..."

 

Tue, 06/17/2014 - 14:57 | 4866209 chumbawamba
chumbawamba's picture

I hate me that pants-suited cunt and her bitch as much as the next guy but don't hate on them for exercising good old fashioned lawful tax avoidance.  Trusts are how the ruling elite have shielded their wealth and carried it over to subsequent generations for hundreds of years.  Don't hate them because they're knowledgeable, learn their secrets.

http://passingbucks.com

I am Chumbawamba.

Tue, 06/17/2014 - 15:44 | 4866399 kchrisc
kchrisc's picture

"I hate me that pants-suited cunt and her bitch as much as the next guy but don't hate on them for exercising good old fashioned lawful tax avoidance."

I am 100% with on the tax angle, but the thing here is the blatant, and typical, hypocrisy.

“…cunt and her bitch…” Good one! I almost missed your sly reference.

 

"Too bad these criminals cannot go to the guillotine more than once."

Tue, 06/17/2014 - 17:02 | 4866727 N2OJoe
N2OJoe's picture

Sorry, I had to downvote. I do fault them for lawful tax avoidance because THEY WRITE THE LAWS and drop the hammer on us little people even when we do the same things.

Even though you are doing something completely lawful, the IRS will still ruin you with lawyer/accountant costs. Unless of course your last name is Clinton.

Tue, 06/17/2014 - 18:24 | 4867052 nailgunnin4you
nailgunnin4you's picture

You downvoted? Brutal

 

Stay strong chumbawumba

Tue, 06/17/2014 - 15:43 | 4866395 DaveyJones
DaveyJones's picture

I can't believe that lying selfish bitch is also a hypocrite

Tue, 06/17/2014 - 13:47 | 4865780 Temporalist
Temporalist's picture

You crazy austerity-loving, doomporn Zerohedge tinfoil-hatters just don't get it. 

The book is called "Hard Choices" and this is just one example of: "Do I lie a lot now or do I lie a lot later?" 

That is similar to but slightly different than: "If I'm a hypocrite now, will my adoring sycophantic cult followers forget all about my hypocrisy later?"

Hard Choices...what difference does it make?

 

The Clintons define "American Exceptionalism"

Tue, 06/17/2014 - 13:56 | 4865876 WVHillbilly
WVHillbilly's picture

C.  Lie now AND Lie later.

Tue, 06/17/2014 - 14:04 | 4865931 JRobby
JRobby's picture

Lie continuously while declaring that you have never lied. That sounds about right.

http://www.usnews.com/opinion/blogs/economic-intelligence/2012/08/27/rep...

The "genius" weighs in on derivatives market regulation

http://www.federalreserve.gov/boarddocs/speeches/1997/19970221.htm

Tue, 06/17/2014 - 14:13 | 4865979 Pool Shark
Pool Shark's picture

 

 

"What difference does it make?!"

 

 

Tue, 06/17/2014 - 13:57 | 4865877 WVHillbilly
WVHillbilly's picture

Oops, Double Post.

Tue, 06/17/2014 - 14:08 | 4865890 CPL
CPL's picture

You walk into a restaurant and order a hamburger with a side and a coke.  The waiter takes your order and confirms what you order.  A couple of minutes pass.  You look around the restaurant and notice that everyone is rather unhappy.  You shrug it off because you aren't them, you are a valued customer.

A while later the waiter shows up and drops a plate of chili covering an uncooked bass and a glass of puddle water.  You look at the meal, look at the waiter, look at the food.

And ask; "What's this?"

The waiter replies; "It's what you wanted."

You reply back; "No it isn't."

Waiter explains; "I guess I lied, enjoy your lunch.  Here's the bill"

//in a nutshell

Tue, 06/17/2014 - 14:55 | 4866225 chumbawamba
chumbawamba's picture

You wrote it out in a parable, now you've confused him even more.

-Chumbz.

Tue, 06/17/2014 - 15:41 | 4866383 CPL
CPL's picture

There's plans for a musical.  Bollywood style! 

Keep it punchy and fast.  The guy orders food.  Dance number breaks out.  He falls in love with some girl across the street.  Street fills up with thousands of hotties in sari's. Only to be met by thousands of swarthy mustachio feather back hair guys.  Somehow the wind is blowing the the correct direction to maximize hair volume and lift.  Every one is shaking their money makers  Couple of elephants, gold and purple dust everywhere. Line it all up with some fireworks.

Dance routine; step, step, twirl, dip in close, back at table, chili covered bass and puddle water...aaaand scene.  Perfect.

Tue, 06/17/2014 - 14:21 | 4866033 moneybots
moneybots's picture

"The Clintons define "American Exceptionalism"

 

The Clintons define American exemtionalism.

Tue, 06/17/2014 - 13:43 | 4865793 AlaricBalth
AlaricBalth's picture

"In 2001, after the Clinton's were criticized for taking $190,000 worth of china, flatware, rugs, televisions, sofas and other gifts donated to the White House, with them when they left Washington, the Clintons announced that they would pay for $86,000 worth of gifts, or nearly half the amount."

How can you pay for $86,000 worth of "gifts" when you are flat broke?  Just curious.

Tue, 06/17/2014 - 13:48 | 4865826 lakecity55
lakecity55's picture

Bill pimped out Chelsea.

Tue, 06/17/2014 - 14:09 | 4865958 detached.amusement
detached.amusement's picture

Bill had Chelsea bred

 

 

ftfy

Tue, 06/17/2014 - 16:00 | 4866477 soontobeblocked
soontobeblocked's picture

Q. "How can you pay for $86,000 worth of "gifts" when you are flat broke?"

A.  Bill pimped out Chelsea.

Q2.  Ok, but what about the other $85,999.91*?

I wouldn't pay a dime for that horsefaced hillbilly.  I doubt that the Mezvinsky's would go higher - not even to buy a de facto title for their son.  Btw is it just a cohencidence that Chelsea married into the tribe (to consolidate demon-spawn haploids) AND Al Gore's daughter also married into it (via Rothschild frontman and Russian Revolution financier Jacob Schiff's great grandson no less.  Don't forget that Hillary's brother and shiftless loser Tony married Nancy Pelosi's daughter.  Keeping it all nice and cozy)

 

Tue, 06/17/2014 - 14:11 | 4865974 WillyGroper
WillyGroper's picture

A little luck in cattle futures again?

Tue, 06/17/2014 - 14:31 | 4866111 RaceToTheBottom
RaceToTheBottom's picture

"$190,000 worth of china, flatware, rugs, televisions, sofas and other gifts donated to the White House"

The value drops by half as soon as the van you stuffed fulls drives off the lot.

 

It is a real indictment of a person when you need validity provided by donations to an institution as if they were donated directly to them.

Tue, 06/17/2014 - 15:29 | 4866340 HardlyZero
HardlyZero's picture

sell off half, to pay for the other half.

The American peoples get half, so its 50/50 deal and 'fair'.

Tue, 06/17/2014 - 15:50 | 4866430 kchrisc
kchrisc's picture

LOL

"Now judgez, Yeza I stoles $1,500 from dat dair 7-11s, but howsabouts I payz uz-allz $750 and we'z callz its evens-satevenziz?!"

Tue, 06/17/2014 - 13:33 | 4865740 TBT or not TBT
TBT or not TBT's picture

Hypocrisy?   The Clintons?    My God.  

Tue, 06/17/2014 - 13:37 | 4865752 Hippocratic Oaf
Hippocratic Oaf's picture

Depends on what the definition of estate tax is

I did not have taxual relations with that house

Tue, 06/17/2014 - 13:40 | 4865763 MarketTruth
MarketTruth's picture

Not just hypocrisy mind you. How about all the sudden death to people that conduct business, political, financial and/or personal 'favors' with the Clintons? www.arkancide.com/

Tue, 06/17/2014 - 16:21 | 4866571 kchrisc
kchrisc's picture

I have been slowly educating my father on what's happening to the American people and country. He has just about fully woken up--thanks to an assist by the local gun and badge thugs and all the gun and badge brutality videos I send him weekly.

Now about a year ago I mentioned in a phone conversation with him about all the people connected to the Clintons that have died. It was something along the lines of, "The number of those connected to the Clintons dying may be as bad, if not worse, than the number that died around the JFK coup." I don't think it is, but it was just an aside comment.

Anyways, my comment caught his attention and he went off and researched it himself. I forgot about the whole thing. In another phone conversation about a month later he starts talking about what he's read and found out. He said that he was "shocked,” "numb," in "disbelief."

He was especially intrigued by Ron Brown's murder. “They put him on a small plane and the ONLY one in the inventory with no flight recorders of any type. Then there was a glitch in the landing beacon system just as they were landing?! Right!!!!” He was also curious about how those connected to the Clintons died at the Murrah Building false-flag while nearly all other federal goons got a heads-up.

 

"Another one that has peeked under the DC US' skirt and not liked what they have seen."

Tue, 06/17/2014 - 13:39 | 4865765 MarketTruth
MarketTruth's picture

.nt.

Tue, 06/17/2014 - 13:36 | 4865755 SAT 800
SAT 800's picture

Look up the Time Magazine cover with her Income Tax return on it; shows the famous "cattle trade". Supposedly, Madame Clinton bought and sold some Cattle Futures contracts; problem; it was done in a little one room, one phone, bucket shop in her buddies bank in Arkansas. IT's a common method of paying off Pols. by the modern Mafia. It's a phoney trade document that returns real cash in the bank, (her buddies bank), which is taxable and pre-laundered. It's an open joke amongst cattle traders; of whom I am one. It goes like this, "Well, you know, cattle tradin' not as easy as itwas when Hillary was a doin it". And everyone chuckles. They all know; dude. it never happened. She's not the only human being on the planet who traded cattle futures one time; made a killing, and never touched them again. That person doesn't exist. But then neither do her "cattle trades". Life-long habitual criminal; Felon; repeat Felon. You better remember this if they try to run this freak for office.

Tue, 06/17/2014 - 13:44 | 4865798 NoDebt
NoDebt's picture

Agreed.  You give 'em the cash and reverse-engineer the supposed trades to spit out the "correct" end number.  Winner, winner, chicken dinner.

And that freak IS running for office.  Unless she bumps her head again.  Maybe even if that happens.  First cross-eyed woman president has a nice ring to it.  

Tue, 06/17/2014 - 13:51 | 4865854 SAT 800
SAT 800's picture

Fuckin A. Bugsy Segal taught the boys that. It's the new standard in paying off local government.

Tue, 06/17/2014 - 14:07 | 4865954 JRobby
JRobby's picture

They are all felons. Not all felons are treated equally by the courts. But you have to get to court to get your treatment. Good or bad.

Tue, 06/17/2014 - 13:57 | 4865881 SAT 800
SAT 800's picture

OH no. Been there, done that. Can't be doin that today; don't have enough drugs on hand to make it through the day if I go to readin on thet shit.

Tue, 06/17/2014 - 13:47 | 4865814 lakecity55
lakecity55's picture

And don't stop!

Tue, 06/17/2014 - 13:49 | 4865834 SAT 800
SAT 800's picture

I don't think they got as far as actually having a credo; didn't like, evolve that far , you know. They just got to the "let's steal ever-thang that ain't nailed down, Bill".  And doan fergit to smile and wave a lot.

Tue, 06/17/2014 - 14:31 | 4866110 booboo
booboo's picture

So that thing they spawned can have moar leather to slip over her stumps?

Tue, 06/17/2014 - 13:27 | 4865716 lordylord
lordylord's picture

You don't own anything.  Reject government NOW.

Tue, 06/17/2014 - 13:32 | 4865722 yogibear
yogibear's picture

Typical libtards. It's for everyone else except them. They like to dictate down but their the exception.

No wonder the people renouncing their US citizenship is growing. It can only get worse as the people that have something leave.

Tue, 06/17/2014 - 14:19 | 4866023 JRobby
JRobby's picture

What is the offspring of a libtard and a neocon union called?

They are all in the "we get rich at your expense club". So you better ween off this left vs right media, WWE jackass fuck idiot show and see the real enemy.

Tue, 06/17/2014 - 14:37 | 4866141 corporatewhore
corporatewhore's picture

it's not libtards--it's libtards elites.  there's a huge socio economic difference

Tue, 06/17/2014 - 15:10 | 4866282 JRobby
JRobby's picture

+1000 I am pleased to stand corrected. Felons vs. Elite Felons, I'm getting it.

Tue, 06/17/2014 - 13:30 | 4865724 Colonel Klink
Colonel Klink's picture

Little black dress Bill and supercunt Hitlery, two hypocrits who can't keep from meddling in other's lives and their cocksuckers shut.

Tue, 06/17/2014 - 13:33 | 4865742 TeamDepends
TeamDepends's picture

Did you see the daughter recently in the pumps and (lizard) skin-tight pants?  Skanky!

Tue, 06/17/2014 - 13:39 | 4865769 Hippocratic Oaf
Hippocratic Oaf's picture

Can't take the Arkansas out of the skank

Tue, 06/17/2014 - 13:46 | 4865810 lakecity55
lakecity55's picture

That's what you get when you drag a 100$ Bill thru a trailer park

(Carville).

Tue, 06/17/2014 - 13:58 | 4865891 SAT 800
SAT 800's picture

"Skank Fishin"; poplar pastime inna sum parts.

Tue, 06/17/2014 - 14:10 | 4865968 bearwinkle
bearwinkle's picture

That not only sounds fishy but smells like it too!

 

Tue, 06/17/2014 - 13:48 | 4865823 JLee2027
JLee2027's picture

And prego. All at the same time. No class trash.

Tue, 06/17/2014 - 13:31 | 4865728 SAT 800
SAT 800's picture

She actually claimed she left the White House broke? Wow. apparently their research has shown that no one reads anything or does any research. They left as multi-millionaires. A fact for which there is no satisfactory, or legal, explanation. A good private detective agency could undoubetly find many of their off-shore bank accounts they used for pay-off money. Billy himself sold the USA to China; with his very own little ball point pen; that kind of treason doesn't come cheap; even these two-bit grifters from bum-fuck Arkansas got a few million for that, alone.

Tue, 06/17/2014 - 13:43 | 4865784 Colonel Klink
Colonel Klink's picture

Billary lied, many have died!

Tue, 06/17/2014 - 14:45 | 4866168 WillyGroper
WillyGroper's picture

Many mere teens.

35:50 in

Tue, 06/17/2014 - 14:50 | 4866189 corporatewhore
corporatewhore's picture

There will never be an American public that either reads or thinks above a 6th grade level.  Expecting otherwise will lead to a nervous breakdown.

The coronation is in motion.  Do not disrupt.  Americans will elect her.  Sad but true. 

Tue, 06/17/2014 - 13:52 | 4865731 Itchy and Scratchy
Itchy and Scratchy's picture

Liberal Visionary Mantra : We know what's good for YOU!

Tue, 06/17/2014 - 13:32 | 4865736 Agent P
Agent P's picture

Chelsea Clinton approved this message. 

Tue, 06/17/2014 - 13:35 | 4865751 Emergency Ward
Emergency Ward's picture

Pretty cool for Chelsea, she's already a multi-gazillionaire.  No wonder she's always grinning.

Tue, 06/17/2014 - 13:45 | 4865800 Buckaroo Banzai
Buckaroo Banzai's picture

Webb Hubbell gave her a cabbage face, but Bill and Mommy gave her the CABBAGE!

Tue, 06/17/2014 - 13:45 | 4865804 lakecity55
lakecity55's picture

If it waddles like a duck.....

Tue, 06/17/2014 - 13:45 | 4865801 lakecity55
lakecity55's picture

And she is carrying a Tribal Member in the oven.

OMG, I made a pun.

Anyway, with both Dad and Father-in-law being convicted felons, the girl needs all the help she can get.

Tue, 06/17/2014 - 14:01 | 4865911 SAT 800
SAT 800's picture

Well, shit fire and save matches. Whut can I say to thet? Boattails foever !

Tue, 06/17/2014 - 14:50 | 4866195 WillyGroper
WillyGroper's picture

Pun was funny.

Tribe only carries on thru the mother.

Tue, 06/17/2014 - 13:32 | 4865739 Da Yooper
Da Yooper's picture

but

 

but

 

but shillary said they are poooooooor

 

now she wouldnt lie to us through the media would she

Tue, 06/17/2014 - 13:43 | 4865790 lakecity55
lakecity55's picture

Relatively speaking, since they have 100s of millions now, having only 12 millions upon leaving office would be "poor."

So, in her exaltedness, she was being truthful.

Tue, 06/17/2014 - 13:33 | 4865741 ArmyofOne
ArmyofOne's picture

"Don't stop thinking about tomorrow."

Tue, 06/17/2014 - 13:38 | 4865743 Emergency Ward
Emergency Ward's picture

FREE the Kennedys !

Tue, 06/17/2014 - 13:34 | 4865745 i_call_you_my_base
i_call_you_my_base's picture

Yes, they believe in a meritocracy where being elected to office is meritous, and enough to warrant a windfall of hundreds of millions of dollars.

Tue, 06/17/2014 - 13:34 | 4865747 Itchy and Scratchy
Itchy and Scratchy's picture

What did ya' think would happen when u elect Hillbillies to the Oval Office?

Tue, 06/17/2014 - 13:40 | 4865771 SAT 800
SAT 800's picture

For your information there are a lot of completely honest Hillbillies in this country who like to bitch slap you for sayin that. Just sayin. This what happens when you elect jive-ass bullshit professional politicians to the Oval Office; never mind the Hillbilly shit.

Tue, 06/17/2014 - 13:46 | 4865809 Temporalist
Temporalist's picture

Hey they are both ivy league educated lawyers which means that took ethics and stuff.  They are more smarter and ethicaler than all of us combined.

Tue, 06/17/2014 - 13:53 | 4865861 Itchy and Scratchy
Itchy and Scratchy's picture

Good point!

Tue, 06/17/2014 - 14:00 | 4865905 WVHillbilly
WVHillbilly's picture

That's an insult to us honest, working hillbillies :-|

Tue, 06/17/2014 - 14:03 | 4865925 SAT 800
SAT 800's picture

goddamm reight it tis; I got yer back there leRoy.

Tue, 06/17/2014 - 13:36 | 4865754 bugs_
bugs_'s picture

note to self, chelsea might be single someday.

Tue, 06/17/2014 - 14:03 | 4865930 lakecity55
lakecity55's picture

I would not screw her with even somebody else's dick.

Well, maybe with a paper bag.

Tue, 06/17/2014 - 14:05 | 4865936 SAT 800
SAT 800's picture

"If you would take supper with the Devil, you must needs have a long spoon"---old wisdom.

Tue, 06/17/2014 - 13:39 | 4865761 Dr. Engali
Dr. Engali's picture

I find it interesting the Shrillary is getting scrutinized  from the libtards in the media. it seems they aren't quite ready to coronate her just yet, or the more likely scenario is that they are getting this out of the way tin order to deflect any criticism latter.

Tue, 06/17/2014 - 13:39 | 4865767 i_call_you_my_base
i_call_you_my_base's picture

People seem to forget that she lost the nomination and this is the sort of reason that she did.

Tue, 06/17/2014 - 13:47 | 4865821 NoDebt
NoDebt's picture

She lost because she's a nasty, back-stabbing, cut-throat shrew.  It's a vibe she puts out where even people who want to believe in her have a hard time getting past it.

Tue, 06/17/2014 - 14:14 | 4865985 NotApplicable
NotApplicable's picture

She lost because Soros, et al. decided that the "Magic Negro" could better play the role of the Pied Piper, leading all of the kiddies from the safety of the village directly into the indentured servitude of Hopium.

Hitlerly could've never sold that sizzle, except to female Dems.

Besides, everything you wrote is the exact reason she will win the nomination this time, as we move from Hopium to ChangeThemBastards.

She will never be accused of being too soft on the world stage. This is all about getting the fiddler who knows all of the right tunes.

Tue, 06/17/2014 - 14:34 | 4866126 KickIce
KickIce's picture

OK, but now I'm trying to figure out how Obama won.  :)

Tue, 06/17/2014 - 13:41 | 4865777 lakecity55
lakecity55's picture

Seeing as the Tyrant has been:

The first Negro
First Gay
First Muslim
First Communist
First NAZI
First Undocumented Alien President(s)

The only thing left is the first female if Hitlery will agree to take off the strap-on.

Tue, 06/17/2014 - 15:15 | 4866297 corporatewhore
corporatewhore's picture

I believe it's the latter.  Surely you remember the Friday night dumps of data after the new shows were done for the day.

 

Tue, 06/17/2014 - 13:38 | 4865762 lakecity55
lakecity55's picture

Vince Foster

RIP

Tue, 06/17/2014 - 13:43 | 4865787 SAT 800
SAT 800's picture

And how many of you remember that the Clintons immediately rifled his file cabinet and shredded everything they felt like; before the cops got to the White House to collect this evidence in a possible serious crime? Hmm? how many of you remember that FACT. Cause, that's what it is, billy bob, a FACT. And it that obstruction with justice, and tampering with evidence ? Uh-huh, leroy; it be both dem.

Tue, 06/17/2014 - 13:50 | 4865839 NoDebt
NoDebt's picture

I remember all of it.  But when you're a statist lib, all that matters is your stated good intentions.  Not your actual behavior.  And certainly not the results of what you've done.

Tue, 06/17/2014 - 14:18 | 4866000 NotApplicable
NotApplicable's picture

You mean when you're a statist, period. Committing evil acts means nothing if your heart is in the right place, apparently.

Tue, 06/17/2014 - 14:02 | 4865874 lakecity55
lakecity55's picture

AND she rolled up his corpse in a rug and had the poor guy dumped off in that park.

"Dammit, hurry up Bill! I see some headlights!"
"Where is the throw-down, Honey?"
"Here! Dammit Bill do I have to do everything?"
"Gimme a hand, Hillary, Vince must have put on some weight."
"Wait! Did you check his pockets for change?"

What loyalty!

Tue, 06/17/2014 - 15:55 | 4866455 corporatewhore
corporatewhore's picture

"WHAT DIFFERENCE DOES IT MAKE?"

HRH HILLARY CLINTON

Tue, 06/17/2014 - 13:40 | 4865772 ebworthen
ebworthen's picture

A death tax after being taxed on every dollar earned and every dollar spent has no merit.

"Clintons" and "Meritocracy" = "lead" and "balloon"; just ask Vince Foster and Ron Brown.

Tue, 06/17/2014 - 14:55 | 4866221 you enjoy myself
you enjoy myself's picture

sure it does.  it generates yet more profit for warren buffett's life insurance companies.  who, like the clintons, is also a raging hypocrite on the death tax.

Tue, 06/17/2014 - 13:40 | 4865774 Aussiekiwi
Aussiekiwi's picture

Don't like her, never will.

Tue, 06/17/2014 - 13:44 | 4865802 ebworthen
ebworthen's picture

My older Sister is in love with her; but she also equates ED drugs for men with birth control for Women.

Tue, 06/17/2014 - 14:11 | 4865965 SAT 800
SAT 800's picture

My sister still believes Cuba is Workingmans' paradise. Families; we don't get to choose them; we just get to live with them.

Tue, 06/17/2014 - 13:43 | 4865788 Aussiekiwi
Aussiekiwi's picture

The idea that they were broke when they left the whitehouse I find absolutely hilarious, I guess they mean they were down to their last few million....at least in their names that is, not that they were worried about where the next meal was coming from.

Tue, 06/17/2014 - 13:43 | 4865791 QQQBall
QQQBall's picture

I smell bad tuna

Tue, 06/17/2014 - 13:48 | 4865825 Pig Circus
Pig Circus's picture

I just can't believe that the butt ugly cunt is the best the Marxist party can come up with.

Tue, 06/17/2014 - 13:49 | 4865835 lakecity55
lakecity55's picture

Moochelle or Hitlary?

Tue, 06/17/2014 - 14:14 | 4865989 SAT 800
SAT 800's picture

well, she's what they got that signed the blood contract at the Bildergurg conference; it cuts down on the applicant pool quite a lot. the only way you leave is with concrete overshoes and your mouth sewed shut with fishermans twine.

Tue, 06/17/2014 - 13:49 | 4865836 Jim Shoesesta
Jim Shoesesta's picture

Insurance companies enjoy the estate tax more than anyone else, and lobby hard for it.  People with substantial assets don't pay the tax, life policies do, as well as other manuvers to avoid it. 

Tue, 06/17/2014 - 13:51 | 4865852 cipher14
cipher14's picture

The Death Tax is wrong. People who work hard all their lives, saving and planning, hoping to leave something behind for their children get screwed by the goverenment even in death. They tax you when you earn it, they tax you when you spend it, and then they tax you when you DIE? The hypocrisy of the Clintons on this issue is astounding. Although, not surprising.

"Dick Patten, president of the American Family Business Institute, made an even stronger argument. He suggested the estate, or death tax as he likes to call it, is a rejection of the Lockean principles of life, liberty and property — a concept borrowed by Thomas Jefferson for the Declaration of Independence. In fact, Jefferson signed the repeal of the nation’s first estate tax.

Patten asked: Are we taxpayers or serfs, such that “when our hearts stop beating our property reverts to the government?”

The concept is that your property belongs to the state. It may take all of it when you die or any portion of it.

Jefferson wrote in 1823, "The laws of civil society, indeed, for the encouragement of industry, give the property of the parent to his family on his death, and in most civilized countries permit him even to give it, by testament, to whom he pleases."

Tue, 06/17/2014 - 13:52 | 4865859 lakecity55
lakecity55's picture

Yes, Comrade, that is how it was before our beloved Tyrant instituted the Soviet!

Forward!

Tue, 06/17/2014 - 14:29 | 4866092 FeralSerf
FeralSerf's picture

Not to worry. Some families like the Rockefellers and the Rothschilds have a way to keep their wealth out of the clutches of the tax collector and keep it in the family.

Tue, 06/17/2014 - 16:25 | 4866583 John Law Lives
John Law Lives's picture

Amen!

+1000

Tue, 06/17/2014 - 13:57 | 4865886 Itchy and Scratchy
Itchy and Scratchy's picture

Looks like Silver Bill is tryin' to do a 'Monica' to the I.R.S.

Tue, 06/17/2014 - 14:17 | 4866008 SAT 800
SAT 800's picture

Well, speaking of the IRS; I'm pretty sure there's no income statement from his 11th. hour pardon for Marc Riche; the convicted Felon living as a fugitive from Federal Justice in Switzerland. You probably think I'm making that up. Look it up. Then ask yourself, do I really want to vote for them again?

Tue, 06/17/2014 - 16:33 | 4866610 soontobeblocked
soontobeblocked's picture

Don't forget that Bill also granted clemency to NY Jews who were convicted of bilking HUD for at least $30MM.  Cohencidentally they supported Hillary's senatorial candidacy.  Oy the cohencidence. 

The Rich's donated a shitload to Bill's library (aka slush fund).

Tue, 06/17/2014 - 16:46 | 4866661 corporatewhore
corporatewhore's picture

who will be Hillary's VP choice? 

Tue, 06/17/2014 - 13:59 | 4865898 Seasmoke
Seasmoke's picture

They should just leave it all to Bills brother. 

Tue, 06/17/2014 - 14:00 | 4865906 lakecity55
lakecity55's picture

Roger would just "blow" it all on coke.

Tue, 06/17/2014 - 15:48 | 4866421 Billy O'Naire
Billy O'Naire's picture

'Cake.'

Tue, 06/17/2014 - 14:01 | 4865907 Itchy and Scratchy
Itchy and Scratchy's picture

The Clintons sure have sent a lot of their 'friends' to an early grave over the years to deal with their estate issues!

Tue, 06/17/2014 - 14:23 | 4866053 SAT 800
SAT 800's picture

Yeah, well; it's a lot like being friends with the Italian Mafia. "Tony, this is my friend, Jackie; he's a friend of the family". that's your introduction; but then you got to think three ways at once and have eyes in the back of your head; cause it pays well, but it's dangerous as fuck, man. they'll do you in a new york minute.

Tue, 06/17/2014 - 15:09 | 4866277 cbxer55
cbxer55's picture

It's New York City minute (one second). But yeah, you're correct there. Put em in the trunk Tony!

With friends like them, who needs enemies? 

You'll be pushin up daisies in the very near future.

Takin a dirt nap. Sleepin with da fishies.

Tue, 06/17/2014 - 14:08 | 4865949 I Write Code
I Write Code's picture

I'm fine with estate taxes above about $10m, I don't think it matters much whether it's $3.5m or $5.3m per person in a couple.  The idea behind the estate tax as I was taught was not that it enforces a meritocracy - there's an obsolete idea! - but that it prevents power and wealth from concentrating permanently in one place.  Inheriting even $10m these days barely even puts you in the 1%, and it doesn't make you much of a political player.  Inheriting $100m gets you in the game, and when you get to billions perhaps that's a real problem.

Typically a fair amount leaks out around the edges anyway, nobody starves, and then there's that whole "foundation" thing which is just too tiresome to rehash yet again.

Tue, 06/17/2014 - 14:15 | 4865999 Smegley Wanxalot
Smegley Wanxalot's picture

Easier - casually buy hard assets outside the USA (properties, metals, commodities, etc), then pack up, leave, renounce US citizenship, and tell uncle sam to stick it up his money grubbing dictatorial ass.

Tue, 06/17/2014 - 14:26 | 4866070 moneybots
moneybots's picture

The Clinton's don't want to pay their fair share.

Tue, 06/17/2014 - 14:26 | 4866071 FeralSerf
FeralSerf's picture

I said: "You must pay a lot of taxes". She said: "We don't pay taxes. Only the little people pay taxes." –Elizabeth Baum, former housekeeper to Helmsley (October 1983)

Tue, 06/17/2014 - 16:23 | 4866576 soontobeblocked
soontobeblocked's picture

You mean Lena Mindy Rosenthal.

Serial name changer (what a cohencidence that seems to be a habit peculiar to the parasitic tribe in their effort to mimic their hosts):

Lena Mindy Rosenthal > Lee Roberts > Mindy Roberts > Leni Roberts.  Why not "vile piece of shit" and be truthful.  We'd still know that it refered to her.

Who did she think she was fooling?  Same people who Sumner Redstone thinks he is?  At least he used the English translation of his true name.

Lee Roberts, Mindy Roberts and Leni Roberts

Tue, 06/17/2014 - 14:28 | 4866083 smithmorra
smithmorra's picture

Buffett had the same hypocritical standpoint; he wanted higher taxes but fought (or had someone fight as his proxy) like the dazes against paying his fair share!!!

 

Plus you gotta love those political hacks/bagmen like Steve Rattner who are now calling for higher taxes after reaping staggering benefits for so many years!!  I say go back to the Nixon tax years!

Tue, 06/17/2014 - 14:31 | 4866112 Itchy and Scratchy
Itchy and Scratchy's picture

Nothing any other ordinary paracite wouldn't do!

Tue, 06/17/2014 - 14:41 | 4866159 SmittyinLA
SmittyinLA's picture

The Republicans fucked up, the Estate tax should be the cost of gay marriage, you want gay marriage you have to give up the estate tax, and lets privatize SS contributions while we're at it too.

if fags can exempt themselves from estate taxes why not give parents and children the same rights? 

 

 

Tue, 06/17/2014 - 16:14 | 4866542 soontobeblocked
soontobeblocked's picture

I think that the politically correct term is not "fag" but "dick sucking faggot looking for special rights and championed by the chosen people who lead and fund most major GLBTUVWXY groups, oh, and NAMBLA (not to necessarily conflate 1 abomination with another)". 

No, wait, that's the accurate term.

Tue, 06/17/2014 - 16:30 | 4866174 RaceToTheBottom
RaceToTheBottom's picture

It is simpler than all that:

If they are a politician or want to be a politician, they are a criminal or want to be a criminal.

100% probability means that prosecution can and should precede the crime.

Tue, 06/17/2014 - 14:53 | 4866212 Uncle Remus
Uncle Remus's picture

Pernicious vermin.

Tue, 06/17/2014 - 15:05 | 4866267 cbxer55
cbxer55's picture

Well of course they don't! Do as we say, not as we do is their motto. 

Could you really expect them to do otherwise. They're politicians after all. R or D, they're all cut from the same mold.

Two sides of the same coin.

Tue, 06/17/2014 - 15:38 | 4866380 kchrisc
kchrisc's picture

I wonder how they feel about the "head tax?!"

Tue, 06/17/2014 - 15:43 | 4866398 TideFighter
TideFighter's picture

I don't mind paying some taxes. I do mind they manner in which they waste it.

Tue, 06/17/2014 - 15:49 | 4866424 Itchy and Scratchy
Itchy and Scratchy's picture

Is that gnarly pair capable of the truth?

Tue, 06/17/2014 - 16:08 | 4866511 soontobeblocked
soontobeblocked's picture

“The estate tax has been historically part of our very fundamental belief that we should have a meritocracy,” Hillary Clinton

Lost in the commentary is the question, "How the fuck can it be a meritocracy if you take money away from people who earned it and give it WITHOUT QUALIFICATION to people whose only known skill is fogging a mirror?" 

Merit?  Merit??  What a fucking joke.  Pandering to the idiots on both sides.

I understand that the speaker imples that the would-be-inheritors did nothing to merit being the recipient of their parent's earnings (and in some cases their parent's hard work), but to use that to create a bizarre syllogism that we should then give it to people who likewise did nothing to merit it is another nail in the coffin.

Tue, 06/17/2014 - 16:33 | 4866609 Calmyourself
Calmyourself's picture

Where the hell is LTER to rail about generational wealth and the theft it represents?  C'mon LTER tell us how big a hypocrites are these Arkansas scum.. Maybe we can get some of MSNBC's 600k Chelsea stole from their shareholders back as well..

Tue, 06/17/2014 - 17:13 | 4866754 Manipuflation
Manipuflation's picture

I just returned from my property in Wisconsin.  As some of you will recall, it was not a property that I bought but rather a property that was sold to me without my consent or knowledge back in 1999 by my mother.  I got buttonhooked on this one big time and and it was her way of insuring that I would take care of her until her death which occurred a couple of years ago.  She retained life estate but I do not recall signing anything until after she passed at which point I did sign something with the County Register of Deeds to clear her name off of the deed and that is the long and short of it anyway.  All that did was send the property tax bill to me for a property I don't want.  Bonus for the school district as well as they built a new school recently(of course) and backloaded the bonding so that makes taxes go up every year regardless of assessed value.  You can probably get fucked worse in the ass than this but the problem is that there are no buyers and I am MLS listed at 30K under assessed value. 

I have had the place listed on the market for over a year now, switched REA's, promoted the fucking place myself to anywhere I could think of and guess what?  Not one fucking offer at any price!  This despite numerous new upgrades such as a new fucking roof with a 15 year transferable warranty.  I have thrown well over 15k into the place in the last year and probably near to 75K-100K over the past 15 years.  Then I find out that I may be liable for capital gains taxes if I do sell because it is not my primary residence.  I only rent on primary residence and it is the only house I own and even though I have lived in Minnesota off and on for 15 years I have paid income taxes in both Wisconsin and Minnesota over those years.

One would think that for all of those years of supporting an ailing parent a guy could catch a break but fuck no, we can't have that now can we?  The place is nothing more than an expense for me.  Yes, I have receipts for things purchased but you know what? I am not going to play that game.  There is no capital gain and my siblings expect something from the sale as well which I will probably give in due consideration.

I may have an offer coming after this weekend because it was me doing the selling and not some slow witted mediocre REA.  This tard of a REA showed up late on Saturday morning and I had already shown the whole property and the prospective customers saw what the needed to see.  Not only that, I did another showing right after that by some guy just stopping by.  WTF?  I told Mrs. M to get a G-string on and go stand by the side of the road!  She's only 32 so it is still good yet.  But she is 32 and the mother of our children so that was not going to happen and didn't of course.(not that it was a bad idea)

After mowing the place down of weeds and grass, and costing me even more expense, I got started to thinking about what I have always said before.  There has been one direction I have always been headed and that is to liquidate everything of significant value with title.  I am one step away from that now.  This is how it is going to work:  I will get an offer eventually and I will probably take the offer, if reasonable, and then the shitshow will start with the taxes.  I AM NOT GOING TO PAY CAPITAL GAINS TAXES IN THIS CASE.  I am not going to pay anything at all.  I will drain my account to cash and convert to PM's which is where most of any wealth I have is already.

The Mrs said that I "can't" do that and I said "watch me do it", and that I am not paying 30% CG tax on something that is a net loss for me.  What are they going to do to me?  Take my 401K?  I don't have one.  Take my life insurance?  I have already borrowed against myself and drained that down.  A few old vehicles?  Fine, then I can't ever get to work pay the .gov fucktards.  I never asked for a god-damned thing from .gov.us.  I don't believe that I owe anyone anything at all that I haven't already paid for already.  I mean, I am building a new Minnesota Vikings stadium, that I will never go to, by my smoking cigarerettes and I pay for a new school that my children have never even been to.  I pay gas taxes for the roads.  I pay plenty already.  I am drawing the line on taking care of an elderly failing parent who needed help in her last years.

I don't know what else to do other than cut these pricks off.  We have all been talking about it for years on ZH.  I have entertained the idea of moving to Russia but I am not so sure it is better there and it could be diffucult to transfer bullion much less 2A type product.  I will put my money where my mouth is but I need an offer first.  I am not a violent person and I see no violence in civil disobendience.  From my perpective, this is the bed they made for us and this is going to be the reponse they get.

That said, Do Not Fuck With Us.            

Tue, 06/17/2014 - 17:47 | 4866917 Calmyourself
Calmyourself's picture

My wife and I are just across the border in MN.. We are selling in a prestigous suburb and downsizing bigtime...  When my kids graduate we are so out of here, Dayton the state.gov and the unions, teachers, AFSCME, SEIU can all KMA..  Let  ziggy build his own damned stadium too..

Tue, 06/17/2014 - 21:22 | 4867166 Manipuflation
Manipuflation's picture

I am right across the border in St. Cloud my friend.  Wisconsin is ridiculous in RE taxes and MN is full retard on income taxes.  I just do not know where to go.  Do we run or fight?  I am not much for running but this is getting ridiculous.  Good to know you are out there Sir.

Wed, 06/18/2014 - 15:03 | 4870600 Calmyourself
Calmyourself's picture

We are out, Missouri, Texas somewhere we can make a stand..

Tue, 06/17/2014 - 17:44 | 4866905 Goldilocks
Goldilocks's picture

President Obama Contraception Mandate Statement
http://www.youtube.com/watch?v=gRFNeIzkM38 (6:51)

Obama sums up (in Orwellian?) @3:20
"...& that I promised, that before finalizing the rule as it applied to them... "

Tue, 06/17/2014 - 19:58 | 4867326 highwaytoserfdom
highwaytoserfdom's picture

"Kankles Arkancide"    live catltle /gf    symbol     means Go f#ckyourself ..  Hitlery.

Tue, 06/17/2014 - 20:29 | 4867398 Pie rre
Pie rre's picture

Clinton's a traitor

Tue, 06/17/2014 - 20:33 | 4867410 monad
Wed, 06/18/2014 - 03:34 | 4868169 monad
Tue, 06/17/2014 - 22:35 | 4867714 epobirs
epobirs's picture

I regard it as highly meritorious to favor my own children and other designated heir over complete strangers chosen by government.

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