Trusts may have some justification to ensure the continuance of a fortune (as when knights left for an extended period during the Crusades). But that does not meam that they should not be subject to the same tax regime as any other taxpayer or business. In this case the wealth piled up by Ross (mostly by financial speculation) may escape inheritance taxes - so close to a billion passes to a group of beneficiaries while working income is heavily taxed.
New York Post via MarketWatch
We Must Stop Saying “Must”
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In my first year of grad school, one of my professors had a long list of
“forbidden words”. These were terms that do more to confuse than enlighten
when ...
3 hours ago
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