Chapter 1760 Inheritance Tax
Immediately afterwards, Boss Jia gave Zhu Qiushui a popular science on 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 places that make the rich very dissatisfied, and this is the inheritance tax.
The United States' inheritance tax is notoriously huge.
The threshold is 10,000 US dollars, and any inheritance that exceeds 10,000 US dollars will be subject to taxes, and the tax rate is as high as 18%.
Afterwards, as the number of inheritances continues to increase, the inheritance that eventually exceeded US$2.5 million will need to be paid at a tax rate of 50%.
In other words, if Bill Gates really leaves his $200 billion in stock to his son, then Bill Gates' son will have to pay up to $100 billion in taxes!
Some people may think this is okay, after all, there is still a $100 billion inheritance.
But the problem is that there is another rule for inheritance in the United States, that is, taxes must be paid before inheriting the inheritance...The taxes must also be cash, not fixed assets or financial assets.
Let’s take our Bill Gates as an example. If his son wants to inherit the $200 billion, he must pay US$100 billion in cash to the US tax authorities before inheriting it. Only by paying this cash can he inherit it normally.
But the problem is that before paying the money, the $200 billion stock cannot be handed over to Bill Gates' son. In other words, Bill Gates' son cannot rely on selling the $200 billion stock before paying taxes, but has to use his own ability to get $100 billion.
This is simply too damn.
However, here we must praise the Americans' business talent. Later, many commercial institutions launched heritage financial services. If you have no money to pay inheritance tax, then commercial institutions can pay this huge fee on your behalf.
After the inheritance is obtained, the commercial organization will charge 10%-20% of the amount in return. Look, is this perfect?
After Bill Gates' $200 billion in circles, since he was in the hands of his own son, there was only $90 billion left, and no one could stand it!
Anyway, the rich Americans are disgusted by the inheritance law, but this law has been supported by all American citizens. After all, most American citizens do not need to pay inheritance tax because they do not have a 10,000 dollar inheritance left to their descendants.
To be honest, most Americans leave far more debt to their children than inheritance.
They wish that the wealthy's assets would be taxed, so the wealthy could not change the law at all. Whoever dared to change it would not want votes.
Of course, the United States is a country full of wisdom. Since it is impossible to go straight, how can we save the country on a curve?
Don't say it, this is really OK.
So charitable funds became the target of these rich people.
The legal management of charitable funds was actually kind-hearted at the beginning. In order to attract more donations from wealthy people, to make money from charitable funds and to have more money to support the poor, the United States gave charitable funds considerable freedom and management authority, as well as tax incentives.
After various formal funds or fund custody were targeted by the tax bureau and set regulations, the charitable funds escaped. The charitable funds did not require any tax rates for the inheritance of charitable funds. The heirs can inherit the entire charitable funds without paying any price, and they don’t even have to pay a dime of tax.
Therefore, this naturally became the best white glove for the rich. And when the first batch of rich people experienced this routine, they found that the way of inheriting charitable funds was even more perfect than the traditional inheritance method.
First, estate tax can be completely avoided.
Secondly, the operation and management of charitable funds can obtain more tax rate discounts in operation and finance.
Finally, the charity foundation is particularly loved by ordinary people because of its title of charity, and not only will it not be criticized by any public opinion. Once the rich announce that they donate all their funds to the charity foundation, they can also become the object of praise from the people around the world. It is simply wonderful and almost no shortcomings can be found.
At that time, at most, you can take out some money to do activities and then find a bunch of reporters to take photos and report, and you will naturally gain both fame and fortune!
Later, the US tax department also discovered the tricks. When they wanted to make rules for charitable funds, they found that the American rich man at that time was no longer the American rich man in 1920.
The rich Americans in 1920 were still a little afraid of the power of the United States, but after 1950, with Roosevelt's various policies, although they saved the United States, they also allowed the United States to be controlled by several large consortiums. These people used the two-party system of the United States to possess very terrifying power in politics.
Any politician who dares to change his inheritance policy will be subject to various threats and resistances, and even the commander of the United States is no exception.
For example, when the famous commander Ken XD was just about to revise the inheritance law, he went straight to GG. After that, no one dared to touch this taboo.
So Bill Gates seemed to have donated all his assets and become a saint, but in fact, if he observed it, he would find that the American media was not very shocked by this, and many media praise was just perfunctory and routine.
Because American media people know the routine.
Only media from other countries, especially Chinese media, are silly and sweet whenever they see the world. They think Bill Gates is really a saint, which is ridiculous.
Some people may refute Boss Jia. Even if this routine really exists, it cannot be denied that Bill Gates is not a saint. What if he is really?
This can be found in the report of Bill Gates' charitable foundation.
According to the financial report released by Bill Gates' charity foundation in 2018, the foundation spent a total of $10 billion to do various charities in 20 years, and then Barala listed a large number of charitable projects.
Let’s not talk about whether there is any trick in these charity projects. $10 billion looks very huge, but at this time the Bill Gates Charity Foundation already has a huge amount of funds of more than $300 billion.
In addition to Bill Gates' own donation, the richest people in the United States also like to donate to this foundation. Anyway, the people who manage the foundation are their own people.
For example, Soros donated all his personal assets to the foundation.
But such a large foundation has only spent $10 billion in charity in 20 years, which is too little... According to some data surveys, the foundation has made more than $50 billion in 20 years.
Chapter completed!