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Bigmack

(8,020 posts) Mon Sep 16, 2013, 01:24 PM Sep 2013

Tax experts... How can the Walton's inherit.... [View all]

... all that money and not pay giant taxes?

How can they pass it on without paying giant taxes?

Yes.. I know they have tax lawyers and loopholes and all that, but... shit!... $6 Billion is a lot of lettuce to pass on. Can't the rest of the country get some of it back?

A broader question, of course, is why do we call the old lady with the 137 cats crazy, and the old guy with 527 wrecked cars in his field a nutjob, but money-hoarders who couldn't possibly spend a tenth of their money are cultural heros to many?

13 replies

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Tax experts... How can the Walton's inherit.... [View all] Bigmack Sep 2013 OP

Apparently Walton used family partnerships and trusts to avoid the inheritance tax issue. n/t PoliticAverse Sep 2013 #1

that's bullshit and shouldn't be allowed. gopiscrap Sep 2013 #2

Why? joeglow3 Sep 2013 #10

yup gopiscrap Sep 2013 #11

yeah, it happens because they fund the political campaigns of many politicians gopiscrap Sep 2013 #3

Well Hillary Clinton was a Walmart board member (1986-1992). n/t PoliticAverse Sep 2013 #4

Yes and my point is, they fund the campaigns of politicians gopiscrap Sep 2013 #5

Corporate Tax Code FreakinDJ Sep 2013 #6

How do you know they don't or didn't pay taxes? Dreamer Tatum Sep 2013 #7

I would be interested in knowing how they got out of inheritance taxes joeglow3 Sep 2013 #8

The Waltons used both family partnerships and trusts. n/t PoliticAverse Sep 2013 #9

Because cats and wrecked cars are useless. aikoaiko Sep 2013 #12

Here's an article about it. DanTex Sep 2013 #13