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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Itchy and Scratchy's picture

Clinton Creedo : Do unto others!

TeamDepends's picture

Hey Hill, how's your book doing?

Newsboy's picture

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

Farm Hillary, Farm!

Buckaroo Banzai's picture

Taxes for thee, but not for me!

Pool Shark's picture

 

 

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

"Round up the usual suspects..."

 

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.

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."

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.

nailgunnin4you's picture

You downvoted? Brutal

 

Stay strong chumbawumba

DaveyJones's picture

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

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"

WVHillbilly's picture

C.  Lie now AND Lie later.

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

Pool Shark's picture

 

 

"What difference does it make?!"

 

 

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

chumbawamba's picture

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

-Chumbz.

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.

moneybots's picture

"The Clintons define "American Exceptionalism"

 

The Clintons define American exemtionalism.

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.

detached.amusement's picture

Bill had Chelsea bred

 

 

ftfy

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)

 

WillyGroper's picture

A little luck in cattle futures again?

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.

HardlyZero's picture

sell off half, to pay for the other half.

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

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?!"

TBT or not TBT's picture

Hypocrisy?   The Clintons?    My God.  

Hippocratic Oaf's picture

Depends on what the definition of estate tax is

I did not have taxual relations with that house

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/

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."

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.

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.  

SAT 800's picture

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

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.

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.

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.

booboo's picture

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

lordylord's picture

You don't own anything.  Reject government NOW.

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.

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.

corporatewhore's picture

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

JRobby's picture

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

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.

TeamDepends's picture

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

Hippocratic Oaf's picture

Can't take the Arkansas out of the skank