Instant Noodles Millionaire
Chapter 1631
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Followingly, Boss Jia gave Zhu Qiushui about the inheritance tax issue in the United States.
It is said that the United States is a paradise for the rich, but in fact, there are also areas where the rich are very dissatisfied. This is the estate tax.
The U.S. estate tax is notoriously huge.
The threshold is 10,000 U.S. dollars. Any estate over 10,000 U.S. dollars is subject to tax, and the tax rate is as high as 18%.
After that, as the number of estates increased, the estates that finally exceeded $2.5 million would need to be paid at the 50% tax rate.
In other words, if Bill Gates really left his $200 billion in stock to his son, then Bill Gates’ son would have to pay up to $100 billion in taxes!
Some people may think this is okay, after all, there is still a $100 billion legacy.
The problem is that there is another rule for inheritance in the United States, that is, taxes must be paid before inheriting the inheritance… This tax must also be cash, not fixed assets or financial assets.
Let’s take our Bill Gates as an example. His son wants to inherit the 200 billion U.S. dollars. Then he must pay 100 billion U.S. dollars in cash to the U.S. tax authorities before he inherits. Only with this cash can we inherit normally.
But the problem is that the $200 billion in stocks cannot be handed over to Bill Gates’ son before the money is paid. In other words, Bill Gates’ son cannot rely on selling the 200 billion dollars. U.S. dollar stocks will pay taxes later, but they have to use their own ability to get $100 billion.
This is too fucking.
But here we must praise the commercial innate talent of the Americans. Later, many commercial organizations have launched inheritance financial services. If you don’t have the money to pay the inheritance tax, then the commercial organization can pay this huge fee for you first.
After the inheritance is received, the commercial organization will collect 10%-20% of the amount in return. You can see, is this perfect?
After Bill Gates’s $200 billion went round and round, since it was in the hands of his own son, only $90 billion is left. No one can bear it!
Anyway, the wealthy Americans are disgusted by this inheritance law, but this law has the support of all American nationals. After all, most Americans do not need to pay inheritance tax, because they do not have one. The legacy of ten thousand dollars is left to his descendants.
To be reasonable, most Americans leave their children with much more debt than inheritance.
They want the wealth of the rich to be taxed, so the rich can’t change this law at all. Whoever dares to change it, don’t want votes.
Of course, the United States is a country full of wisdom. Since going straight is not enough, then what about saving the country by curve?
Don’t say, this is really good.
So the charity fund became the target of these rich people.
For the legal management of charitable funds, at first is actually in good faith. In order to attract more donations from the rich, but also to make the charity fund generate money and have more money to support the poor, so the United States gave the charity fund Considerable freedom and management authority, as well as tax concessions.
After all kinds of formal funds or fund escrows have been targeted by the tax bureau, charitable funds have escaped after the establishment of regulations. The inheritance of shares of charitable funds does not require any tax rate, and the heirs can directly If you don’t pay any price, you inherit the entire charity fund, and you don’t even have to pay a dime in taxes.
So, this as it should be by rights became the best white glove for the rich, and when the first batch of rich experienced this routine, they found that the way of charity fund inheritance was even better than the traditional way of inheritance. Much more perfect.
First of all, inheritance tax can be avoided completely.
Secondly, the operation and management of charitable funds can obtain more preferential tax rates for business and finance.
Finally, because of the title of charity, the Charity Foundation is particularly loved by ordinary people, not only will it not be subject to any public criticism. Once the rich and generous announced that they would donate all their funds to the Charity Foundation, they can still become the object of praise from the people all over the world. It is simply wonderful to the extreme, and there is almost no shortcoming.
When the time comes, at most hypocritical people put out some money to do activities, and then find a bunch of reporters to take pictures and report, naturally you will get fame and fortune!
Later, the U.S. taxation department also discovered the nuances in it. When they wanted to formulate rules for charitable funds, they discovered that the rich Americans at this time were no longer the rich Americans of 1920.
The rich Americans in 1920 were still a little afraid of the power of the country, but after 1950, with Roosevelt’s various policies, although the country was saved, the country was also controlled by several large consortiums. People take advantage of the two-party system of the United States and have very terrifying power in politics.
Any politician who dared to change the inheritance policy will be threatened and resisted, even the Great Commander of the United States is no exception.
For example, the famous Ken x Die Great Commander, when he was just preparing to amend the inheritance law, he directly GG. After the Great Commander in the United States, no one would dare to touch this taboo.
So it seems that Bill Gates donated all his assets and became a Saint, but in fact, from his own observation, he will find that the US media are shocked by this not at all, and many media have praised it It’s just perfunctory and routine.
Because the media in the U.S. all know the routine.
Only the media from other countries, especially the China media, are silly and sweet every time they meet in the world, thinking that Bill Gates is really Saint, it’s ridiculous.
Someone may refute Boss Jia. Even if this routine really exists, it cannot be denied that Bill Gates is not Saint. What if he really is?
An answer can be found in the report of Bill Gates’ Charity Foundation.
According to the financial report released by Bill Gates’ Charity Foundation in 2018, this Foundation spent a total of US$10 billion on various charities in 20 years, and Barara’s listed a lot of charity projects.
Let’s not say whether there are any tricks in these charity projects. US$10 billion looks very huge, but at this time the Bill Gates Charity Foundation already has a huge amount of more than US$300 billion.
In addition to Bill Gates’ own donation, the richest Americans also like to donate money to the Foundation. Anyway, it is their own people who manage the Foundation.
For example, Soros, he donated all his personal assets to Foundation.
But such a big Foundation, in 20 years, only spent 10 billion US dollars on charity, which is too little… According to some data surveys, this Foundation has made money in 20 years Both are over 50 billion U.S. dollars.
Finally, this 10 billion U.S. dollars includes the salaries of all the staff in the Foundation, including Bill Gates’ son, they can all be paid in Foundation! !
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