NYT on the “Superrich”

This recent NYT piece on tax minimization strategies of the “superrich” is pretty thin gruel.  It’s helpful in that it shows that the superrich pay a low effective tax rate mainly because the 15% rate applicable to long-term capital gains and dividends is so low to start with.  Once there, getting it below 15% requires you to either (1) have lost a fortune in earlier years to produce a capital loss carryforward, or (2) make substantial charitable contributions.  Those greedy bastards.  Losing all their money and giving  it away.

About Conrad

Conrad O'Connor is the nom de web of a tax lawyer working in Atlanta, Georgia.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply