Busted! Clinton’s Avoided Federal Taxes in 2014, Created Shell Companies

Hillary Clinton is on record for a massive increase in the Estate Tax. It is no wonder then, that she has her personal estate and the Clinton Foundation well protected. Using tax shelters and shell companies, everything is as well protected as the upper 1% can afford. Never mind that this was the same sort of behavior that she has criticized Donald Trump for. I guess she is not into paying her fair share after all.

As Written By Hannity Staff:

While the hand-wringing over Donald Trump’s 1994 tax returns continues, it wasn’t long ago that the Clintons themselves were under a microscope for engaging in tax-avoidance. In 2014, Bill and Hillary Clinton were exposed for engaging in creative accounting practices in order to minimize their exposure to the Estate Tax, a tax that Hillary, ironically, hopes to raise to 65% if elected president.

The Estate Tax, which is commonly derided as the “death tax”, is a tax on assets an estate upon an individual’s death.

In 2014, Bloomberg reported:

To reduce the tax pinch, the Clintons are using financial planning strategies befitting the top 1 percent of U.S. households in wealth. These moves, common among multimillionaires, will help shield some of their estate from the tax that now tops out at 40 percent of assets upon death.

The Clintons created residence trusts in 2010 and shifted ownership of their New York house into them in 2011, according to federal financial disclosures and local property records.

Among the tax advantages of such trusts is that any appreciation in the house’s value can happen outside their taxable estate. The move could save the Clintons hundreds of thousands of dollars in estate taxes, said David Scott Sloan, a partner at Holland & Knight LLP in Boston.

“The goal is really be thoughtful and try to build up the nontaxable estate, and that’s really what this is,” Sloan said. “You’re creating things that are going to be on the nontaxable side of the balance sheet when they die.”

Based on Bloomberg’s reporting, it appears that the Clintons have engaged in the very practices Hillary now admonishes Donald Trump for engaging in…

Full Story Here:

UH OH: Clintons Accused Of Dodging Federal Taxes, Established ‘Shell Companies’ | The Sean Hannity Show

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  • ThereAintNoJustice

    Hypocrisy, thy name is Clinton.

  • jim scofield

    In Websters Dictionary undre Hypocrite There is a picture of
    Bill and Hillary and says see them.

  • The Old Chip

    In a videotaped apology, Trump declared “I was wrong and I apologize” after being caught on tape bragging about supposedly groping women in 2005. Filmed 11 years ago, and probably encouraged by, “Access Hollywood,” another tabloid birdcage liner.
    Miss Universe Alicia Machado was crowned in 1996. Remarks dragged up from 20 years ago.
    With the leaked 1995 Trump tax returns ‘scandal’, from over 20 years ago, which ‘legally’, in accordance with U.S. Tax Code, enabled him to pay no taxes for years.
    We now discover none other than Hillary Rodham Clinton utilized a $700,000 “loss” to avoid paying some taxes in 2015. The same “legal” deduction she criticized Trump for, but she, and the complicit media, try to spin it with 1984 double speak, as if Trump had done something ILLEGAL.
    Corrupt”o”rat nominee clinton, the female, and her male counterpart’s combined income was $10.6 million in 2015. (28 million, 2014)
    The clintons donated $1.04 million, to charity; of course, what is their favorite charity that got 90% of
    that money? Why, it’s the clinton foundation and money laundering scheme.
    Wonder what the recently hurricane savaged people of Haiti think of that?

    Time to drain the swamp.

    • Don Thomson

      The Old Chip – As far as the Clinton Foundation being a money laundering scheme, That is just an out and out slanderous lie. If you have proof that it is, please contact the FBI and have them confirm that. If not then please keep your unfounded lies to yourself..

      • The Old Chip

        Apparently you haven’t noticed that the FBI is also covering up for the female clinton scandals.
        Consider the corrupt”o” rat’s and the left’s battle cry: “The nature of the evidence is irrelevant; it’s the seriousness of the charge that matters.
        The (AP) revealed that more than half of all the female clinton’s meetings with
        people outside government, when she was secretary of state, were with donors to her private foundation; “it’s an extraordinary proportion indicating her possible ethics challenges if elected president.” (Possible??)
        The Clinton Foundation received as much as $156 million from 85 donors.
        5/26/15 – The State Department had voiced documented concerns about the repressive policies of the Saudi royal family.
        But in 2011, clinton’s State Department was clearing $29 billion worth of fighters to Saudi Arabia, asserting that it was in the national interest, declaring that the deal was “a top priority” for clinton personally”.
        This was one of dozens of arms sales approved by clinton’s State Department
        that placed weapons in the hands of governments that had donated money to the Clinton Foundation, as an investigation found.
        Under clinton, the State Department approved $165 billion worth of commercial
        arms sales to 20 nations whose governments gave money to the Clinton Foundation.
        In all the female clinton took money from the kings of four countries, Saudi Arabia and Morocco and Oman and Yemen.
        Are you naïve enough to think these particular kings actually donated multi MILLIONS because they liked clinton; or were they buying access to the Secretary of State or a possible future president?
        An important note: Candidates for office are prohibited by law from accepting campaign contributions from foreign governments, but foundations have no such restriction.

        • Don Thomson

          I’m very sorry for your loss of hearing. As I said before, if you don’t have proof, then leave it alone. Avoiding income tax is encouraged by the IRS. They don’t want you to pay any more tax than you owe. If you get audited, and they fine something that you forgot to claim as a deduction, they will tell you to refile and take that deduction. Both Clinton and Trump took legitimate tax deductions. So What – It’s not a crime so why are you insisting that it is. As far as the Clinton Foundation charity, it receives contributions from many many countries and has nothing to do with Hillary herself or any of her family. The percentage of the contributions that go to administration expenses is one of the lowest in the world. They have been audited as are most charities and have come out absolutely above board.

          All this trash talk about both candidates is getting to the point of being libelous. If you said the same thing about a neigbour – you would be in court so fast it would make your head spin.

          Try writing something positive about your candidate without bringing up anything negative about the other candidates.

          And, by the way, if Trump does happen to win, which right now is a unlikely thing to happen, please don’t come back her to complain about all the stupid thing that would happen if he gets in.
          🙂

  • Emmett White

    No surprise there, Allen, considering the liberal double standard.

  • Buddy