The Clintons created residence trusts in 2010 and shifted ownership of their
New York house into them in 2011, according to federal
financial disclosures and local property records.
"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 with billionaire investor
Warren Buffett, who supports estate taxes and is using charitable donations to reduce his eventual bill.
Without the estate tax, Hillary Clinton said, the country could become "dominated by inherited wealth."
Nick Merrill, a spokesman for Hillary Clinton, said in an e-mail that the couple's finances are an "open book." He didn't answer additional questions about their finances or her current views on the estate tax.
Now, let's offer the necessary disclaimer: Yes, this is all perfectly legal. And because of that, it completely gives the lie to Hillary's nonsense that the policies she supports will supposely help the poor and the middle class. When she argues that we need an estate tax because "we should have a meritocracy," she gives the impression that people who inherit a lot of money are going to have to pay significant chunks of it to the government, which will then use it to benefit people who need it.
This is complete Bolshevik. They will do no such thing. They will employ the very same strategies Hillary and Bill employ to avoid paying the taxes. And having served in the Senate and voted on these laws, she most likely knows the tax-avoidance tricks better than most people.
The good news, I guess, is that things have picked up for the Clintons since
they were "dead broke," because dead broke people don't usually need extravagant strategies to avoid paying estate taxes.
Just in case you needed to be reminded again today: Hillary Clinton is the farthest thing from what she wants you to think she is.
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