George Soros Twists U.S. Laws To Protect Billions From Trump’s Feds
Leave it up to the nefarious Nazi collaborating, nation busting, hedge-fund “philanthropist” billionaire George Soros to come up with a plan like this. He hates the United States, and has made no bones about it.
In his latest attempt to topple nations, he has hidden billions in one of his many “foundations”, which are in reality, tax shelters for his multi-billion dollar fortune. He has used these foundations and the money he has sequestered into them to topple entire nations, and was attempting to do so in Hungary when he was banned from the nation and his “foundations” placed under very tight scrutiny.
His current scheme has George Soros funneling a sum larger than the economies of Jamaica or Albania to a private charity he controls. The money can never be taxed by the US Internal Revenue Service.
The founder of the $26 billion Soros Fund Management, transferred $18 billion to his Open Society Foundations over the past several years.
As the Wall Street Journal specifies, when a person donates untaxed, appreciated assets to a private foundation, he may also hold up to 20 percent of its market value on his personal tax return, carrying forward this deduction for five years.
When Congress eliminated the tax break in 2008, investors were given until December 31, 2017, to bring the cash home and pay the accumulated taxes. After Soros used the tax maneuver, he owes nothing to the IRS.
The donors can continue controlling the money for years or even decades, as foundations can hire family members with six-figure salaries to manage the charity.
Thus, the money can be kept by the Soros family almost forever. Soros himself has repeatedly said the wealthy in the United States should pay more taxes.
The newspaper also mentions self-proclaimed philanthropists like Mark Zuckerberg, who has promised to give up 99 percent of his Facebook shares which are worth $70 billion to the charity his family owns.
Let us not forget that George Soros enjoyed sending Jews to the gas chambers in WWII Germany. Watch the interview below.
Mr Americana, Overpasses News Desk
November 25th, 2017
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