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Blackstone Code - Chapter 541

Published at 15th of March 2024 07:10:45 AM


Chapter 541

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"Money from your charitable foundation..."

Mr. wardrick broke in, and then severella nodded yes.

Although sevierella is young and only in her twenties, she already has several funds of various types under her name, which is also the most common situation for heirs at this level. Everyone has incomprehensible resources.

In fact, this is also a troublesome thing. In such a family, in fact, every generation faces a very special problem, that is, the change of power and property.

For example, when Mr. waldrick gets old, he will transfer his property and power to his successor, sevierella.

The transfer of power is easy, just sign some legally effective documents, but the transfer of property involves a very troublesome but unavoidable thing - tax.

There is an unreasonable collection of inheritance tax in various federal taxes. Some people once said that only birth and death do not need to pay tax. In fact, this statement is wrong.

Birth and death also need to pay taxes, and pay a lot of taxes.

Ordinary families may not have much problem in estate tax, but in families like Mr. waldrick, estate tax has become a huge problem.

The federal inheritance tax starts at 5%, which is the inheritance tax faced by most families. Their parents left tens of thousands or hundreds of thousands of inheritance. They only need to pay thousands of dollars for this.

But for rich people like Mr. waldrick, their estate tax is basically paid at 50%, which is a terrible figure.

You know, if Mr. waldrick has a 10 million estate to be inherited by sevierella, it doesn't necessarily mean that he has 10 million cash. 90% of this 10 million may be real estate and equity of the company.

However, if she wants to inherit the money, savirella must take out five million cash to pay taxes. If she can't take out the money, after deducting the cash, the remaining part will enter the auction link. After collecting enough taxes, the remaining part will be inherited by savirella.

Sometimes in the end, she may inherit less than two million, and others become "unpopular" at the auction, and few people raise their cards.

After a lifetime of hard work, half or more of them will be handed over to the federal government. How can capitalists allow this to happen?

So the capitalists and lawyers worked together and tried their best to exploit the loopholes of the law to avoid the tax that even death could not escape.

From the simplest overseas transfer of assets to various trust funds, people have some ways to avoid estate tax.

When Mr. waldrick feels that he has little time, he will gradually deal with the assets in his hands. He will finally entrust these assets to some foundations under sevierella's name through a series of means.

These assets are not "heritages", but the investment projects of Mr. waldrick during his lifetime, and some of them have been stripped after his death. In order to reduce some additional risks, these trust funds bearing Mr. waldrick's main heritage must be in a state of perennial "loss".

Profits need to be taxed, but losses don't!

In fact, this "loss" is to not disturb others' transfer of assets. When the transfer of assets is almost complete, the trust fund declares bankruptcy and liquidation, and the money is simply transferred from waldrick's hand to sevierella's hand.

The operation and methods are very complex. Even the most professional tax personnel are very clear about the relationship between each account. Before there is a more strict law, the rich will continue to transfer their property in this way to avoid taxes.

Finally, sevierella decided to give 100000 yuan to help those in need. She is really a loving girl.

The housekeeper in the conversation room appeared in the restaurant, which also meant that the cooks were ready for everything. When the melodious music sounded - Mr. waldrick had familiar bands that would play for him when he needed them.

The cook began to introduce today's dinner, where the ingredients came from, the birth process of these cooking, and put them in front of everyone.

"I thought it was just a family dinner..." Lynch said with a laugh.

Mr. wardrick didn't say anything, but his wife explained, "my cooking is not very good. Today is your first time here as sevierella's boyfriend, so we think it should be more grand."

The girl's face turned red, Mr. waldrick coughed twice, and Lynch was more or less surprised.

He thought it wasn't so complicated, but he seemed to think of some things simply.

After coughing a few times, Mr. waldrick's breath gradually calmed down. "My daughter has never been in love. This is my pride as a father, but it is also my dereliction of duty. You are her first lover. I hope you..." he stroked along the hairline on his forehead with the index finger of his right hand to avoid some changes in his facial expression, "Anyway, I hope you don't hurt each other."

"Love may be selfish, but it can also be tolerant."

"Honey, that's very good!"

Not to mention the two couples with excellent feelings, Sevilla, sitting next to Lynch, was a little embarrassed. "Sorry, I didn't know they would suddenly say this..." the girl lowered her head, but stole a glance at Lynch and quickly lowered her head.

It can be seen that she has some joy. Lynch didn't know whether to refuse or limited consent last time, which made her uncomfortable for a long time.

It's not like rejection, but it's not rejection. Obviously, he didn't agree. She didn't know. It was because she was unhappy at that time that Mr. waldrick decided to give her something she wanted, a love that may not be love.

Unrequited love is very painful. People who don't understand the pain will never understand it.

Lynch's mouth picked up a faint arc. He shook his head slightly. "You know, I'm not the best choice."

He knows who he is, and to tell the truth, he doesn't want to be involved with severilla too deeply. Once his relationship with the girl reaches a certain level, Mr. waldrick will inevitably start to intervene in his life.

For example, he is not allowed to do this or that, and all this is to keep him loyal to girls. This is not the life he wants, and he doesn't want his life to be interfered by others, even if many people are willing to accept this result.

Lynch looked at the silent girl and remained silent for a moment. "I have many girlfriends. I have had sex with some of them. Maybe I will do that in the future. Can you accept it?"

The girl looked up at him at this time, and her face finally changed, "why do you say that? You know I like you very much, even..."

Lynch waited for her for almost ten seconds, and then he easily broke the girl's defense. "Look, you can't even say the word 'love'. You don't necessarily love me. Maybe I just satisfied some fantasy of your partner. In fact, you know very well that I'm not the best candidate."

"Listen to me, sevierella, it's much better to find someone who loves you for a lifetime than to waste time on me."

"I play with women's feelings. I abuse Jiao. I don't even let go of women with children. Maybe one day I will throw them in a bed..."

Lynch was whispering these words. Sevilla suddenly stood up and left the table with a voice of "I'm a little uncomfortable. I won't eat dinner". It was more like running.

Mr. vodrick's wife sitting opposite was a little surprised. Sevierella rarely made such a rude move. Both of them looked at Lynch.

It was this guy who whispered something to their baby daughter just now, and their daughter left out of control.

Compared with the gentle eyes of Mr. waldrick's wife, the former's eyes poked Lynch like a knife.

Fortunately, he was thick skinned. It didn't matter for a long time. This kind of pure attack from malicious eyes.

"Is there anything we should know?" he asked Lynch.

Lynch shrugged his shoulders, shook off his napkin and spread it on his legs, "I just lost love..."

Mr. waldrick looked at Lynch and listened to what he said. He couldn't help laughing. "You're a fucking asshole!"

"You too, sir!"

Mr. waldrick sighed heavily. He grabbed his wife's arm and looked at her. "Let her stay for a while. She must learn to grow in such things."

Then he turned his head and looked at Lynch, "I should thank you or scold you. In fact, you can do more..." he used it for a long time before he found an adjective he thought appropriate, "... End the relationship a little more tactfully, not now!"

Lynch shook his head. Entanglement is the worst decision. Who knows what will happen in it.

Mr. wardrick saw that Lynch didn't talk much. At the end of a worry, some curiosity grew, "what did you say to make her give up this stupid decision, can you tell me?"

Lynch glanced at him and smiled. "How do I feel that you seem to satirize me? Am I a stupid decision?"

"Sorry, I'm used to telling the truth. Let me ask again, what did you say that made her make such a right choice?", Mr. waldrick changed his words, but the content of this sentence has not changed at all.

Lynch was too lazy to care about the substance of this sentence with him. He replied with a smile, "I just told her that I had just been to a mother with a five-year-old child..."

Listening to his wife shouting "my God" and turning his face, Mr. waldrick thought he was right. Lynch is a fucking asshole!




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