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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSheldon Adelson hoping to win Mitt Romney 2 Billion Dollar Payback in November
Romneys tax plan would help Adelson in the following ways:
Cut top tax rates, saving Adelson approximately $1.5 million on his annual compensation as chief executive of his casino company.
Maintain the special low rates on dividends, potentially saving Adelson nearly $120 million on a single years worth of dividends, more than enough to recoup his political donations.
Maintain the special low rates on capital gains, allowing Adelson to make back his political donations in capital gains tax cuts just by selling a fraction of his stock.
Provide a tax windfall of an estimated $1.2 billion to Adelsons company, Las Vegas Sands Corp., on untaxed profits from its Asian casinos, as well as a tax exemption for future overseas profits. Adelsons casinos already enjoy a special foreign tax exemption from the Chinese administrative region of Macau, and Gov. Romney would make those foreign profits exempt from U.S. taxes as well.
Eliminate the estate tax, potentially providing a staggering $8.9 billion windfall to Adelsons heirs.
Cut top tax rates, saving Adelson approximately $1.5 million on his annual compensation as chief executive of his casino company.
Maintain the special low rates on dividends, potentially saving Adelson nearly $120 million on a single years worth of dividends, more than enough to recoup his political donations.
Maintain the special low rates on capital gains, allowing Adelson to make back his political donations in capital gains tax cuts just by selling a fraction of his stock.
Provide a tax windfall of an estimated $1.2 billion to Adelsons company, Las Vegas Sands Corp., on untaxed profits from its Asian casinos, as well as a tax exemption for future overseas profits. Adelsons casinos already enjoy a special foreign tax exemption from the Chinese administrative region of Macau, and Gov. Romney would make those foreign profits exempt from U.S. taxes as well.
Eliminate the estate tax, potentially providing a staggering $8.9 billion windfall to Adelsons heirs.
http://thinkprogress.org/economy/2012/09/11/825851/romney-adelson-taxes-billionaire/
Full report here:
http://images.politico.com/global/2012/09/hanlon_adelsonc4brief.html
No wonder billionaires like him are investing so heavily in Mitt Romney, they know they will get theirs and then some.
Romney loves his Money Buddies!
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Sheldon Adelson hoping to win Mitt Romney 2 Billion Dollar Payback in November (Original Post)
SunsetDreams
Sep 2012
OP
KharmaTrain
(31,706 posts)1. He's Not Alone...
A lot of Bishop Willard's buddies are kicking in as a "business investment" that they know will pay off (or so they hope).
Now how much of Sheldon's money is his and how much is Chinese money? I'm betting there a lot of foreign money being funneled through the SuperPacs and the FEC will never do a thing about it...Citizens United strikes again...
Panasonic
(2,921 posts)2. I hope for all his money he ends up with a nice fat indictment and an asset seizure notice....
of all his illgotten wealth.
Force him to Chapter 7 and sell it off for repartitions to the U.S. Treasury.
Koch Brothers will be next.