House Bill Repeal Of GST Would Defuse A Ticking Time Bomb For Trust Fund Kids
You can’t beat the GST by having your trust have a 1,000-year term in Colorado. The law indicates that when the last of the children pass, there is a termination for GST purposes. At that point the grandchildren get promoted to non-skip persons and the trustees can start distributing to them without incurring GST. When the last of the grandchildren die, there is another termination and the great-grandchildren are promoted. When the last of them dies, there is another termination, and so on.
IRS And Scientology – Everything You Want To Know And More
The long struggle between Scientology and the IRS was put to rest with a 1993 secret agreement, that was later leaked. The IRS refused to confirm the leaked document, but there is little doubt about its authenticity. I thought the agreement was pretty benign, but Scott Pilutik thinks I got it wrong. I find it ironic that the agreement is similar in length to the Treaty of Westphalia.
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.