MainLinePeaceAction

Sunday, November 27, 2011

Who Paid For The Klimt?

This NY Times article will tell you what you need to know about what Ronald Lauder and other members of the 1% do to buy art and avoid taxes.  Talk about their personal and corporate tax rates is bogus because they hire armies of accountants who know their way around the IRS regulations.  It helps to have had a rich mother.

http://www.nytimes.com/2011/11/27/business/estee-lauder-heirs-tax-strategies-typify-advantages-for-wealthy.html?pagewanted=1&_r=1&nl=todaysheadlines&emc=tha2

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