Billionaire’s Get Taxed

Brent and Rachel discuss several themes circulating in the media (conventional and social). First, they discuss the proposed Billionaire Tax and how it appears to look a lot like the existing PFIC rules. Second, they discuss the review of GRATs, IDGTs, valuation discounts, and CLATs used by Phil Knight, as discussed in Businessweek

After recording, the Senate Finance Committee released the text of the billionaire tax, which can be found here:

Leave a Reply

%d bloggers like this: