and deduct taxes : A national income tax was declared unconstitutional in 1895 by the Supreme Court, so a constitutional amendment was proposed in Congress by none other than ...Senator Nelson Aldrich. As presented to the American people it seemed reasonable enough: income tax on only one percent of income under $20,000, with the assurance that it would never increase. Since it was graduated, the tax would "soak the rich", ...but the rich had other plans, already devising a method of protecting wealth. As described by Gary Allen in his 1976 book The Rockefeller File, "By the time the (16th) Amendment had been approved by the states, the Rockefeller Foundation was in full operation...about the same time that Judge Kenesaw Landis was ordering the breakup of the Standard Oil monopoly...John D...not only avoided taxes by creating four great tax-exempt foundations; he used them as repositories for his 'divested' interests...made his assets non-taxable so that they might be passed down through generations without...estate and gift taxes...Each year the Rockefellers can dump up to half their incomes into their pet foundations and deduct the "donations" from their income tax."
I think this is an excellent idea, no matter some well known organizations might consider this to be sarcastic
Harry, My French Fried Friend, Just because you read it in a book, doesn't make it so. Jerome Schneider sold 200,000 copies of his book on moving money offshore. Now he's indicted and his attorney has copped a plea. Maybe when they set these trusts up they were exempt from tax. Laws change in 80 years.Nowadays, the best one can do is defer taxes. But, this book fits your view of the world so it must be full of truths to the exclusion all other facts. As I have said before, blaze a trail, and if you win, I'll be right behind you Good luck. You'll need it.
Yeah I know only super rich and banks can do it because they made the law for them I don't incite people to do it if they are not armed to teeth for that