generally has a new book coming out but but
what i will work on straight honest with you said back in twenty ten
and it's getting a lot of publicity now inc because her new book is coming out
and its perfectly relevant to these times because of mit romney being in the
race here in the presidential race in america
wish you talk about
she had been as he would give me a lot of money numbers of harry potter books
so our evening about moving abroad so you don't have to pay as much taxes here
was a response first she said
i'd just remain a domicile taxpayer for a couple reasons the main one was that i
one of my children to grow where i grew up
that proper roots in a culture as all the magnificent as britain's
to be citizens with everything that implies a real country
not free-floating express living in the limo some tax haven associating only
with the children of similarly greedy tax exiles
by immediately lover
right now not all experts are greedy or
trying to avoid taxes
but certainly some are
and she says i don't wanna be with those guys that basic i don't to be in that
room and she's absolutely right
but the second part of it is even better she says
the second reason however
was that i am indebted to the british welfare state
the very one that mister cameron would like to replace with charity handouts
when my life hit rock bottom that safety net threadbare though it had become
under john majors' government
was there to break the fall
i cannot help feeling therefore that it would have been contemptible
just scamper for the west indies at the first neff
of a seven-figure royalty check
this if you like is my notion of patriot s
here here
uh... is or so
that's exactly right
am remember mit romney
also had help from the american welfare state
his father when he first moved from mexico to the united states they were in
a mormon compound in mexico and they came here
dot welfare health
and mit romney now brags about that but he was a burn the bridge behind and as
you are pays taxes all
hello
now i'm not only
hasn't paid about thirty percent in taxes in the years that we know heat
popped up in part without the no one here in just a list all the way up the
forty percent wow
but is there is money the cayman islands
is as money in bermuda area as money in the swiss bank in kansas china and
everywhere
but it's not just that
it turns out he also did something called
in i'd be jeans
you know what that inspired him
it turns out it's called an intentionally
defective
guarantor trucks
is that amazing
is attached shelter
that in the title says intentionally defective
what new other accounts for the rich call it
they call it
i_d_
uh... literally another u_n_ up
you see the i_d_ g_t_e_ so they get it from there but they'll simply because it
lets them avoid all taxes
what did he do with this
he had made a hundred million dollars any moved it into a trust that look
again you do an effort is a great does that make sense
now that ronnie's trust because of financial accounting trace and because
of a good investment in doubleclick
one of having f thousand percent return wife antacid live in the american dream
no problems so far
now here's a prop
the estate tax if u pass it on your kids and grandkids is fifty five percent
and a gift tax also prevents you from split at passing it on immediate
so that if you pay that
goblets but of course the whole point of i did it
is to avoid off
so you know what percentage but i think eight instead
zero percent
zero
misses a hundred million dollar trust you know that saves you
fifty five million dollars
he doesn't pay the fifty five million dollars this who does
'cause we had a people's war somehow right
we've got the social safety net week but we also have the ordeal subsidies
we have all the things and then locally cobb's fireman teacher's assistant
light's gotta pay for that
and lord knows that lord look both admit not a lot of therefore
so he takes his money runs
whether it's in the cayman islands or through these
trust shenanigans in fact
and stephen bright stone now works at a law firm
that is familiar with these tricks anne said quote
romney uses
every trick in the book
it's gonna be hard to do tax planning the future
he's bringing attention to things that weren't getting attention now i love
that quote
has because
he sent mad you love the whole world know all the crew contractually new
to protect the ranch
take the burden has shifted on the middle class and poor
shirish
at some missing that look at the contrast between rowling
and romney
it tells you all you need to know about ronnie
and what kind of a man he is