Indulge in Life in America

Chapter 806: Transfer Targeted IRS

IRS investigators returned from New Era Media without success.

This is the news that Yang Cheng received after getting up in the morning. It is undoubtedly exciting news, because the opponent's abacus has not started.

Yang Cheng decided to go back and add chicken legs to his team of accountants. They did a good job. In fact, Yang Cheng never took the initiative to evade taxes. For people like him, tax evasion is shameful. They are just using reasonable methods Avoid unnecessary taxes and let your own funds move more.

However, this time the IRS does not seem to be ready to let it go, and instead pointed the finger at another industry leader-Apple CEO Tim Cook.

Some media said that after Cook decided to sponsor his 10-year-old nephew to finish college, he would donate all his property to a charitable fund. Calculated based on the current value of Apple shares held by Cook, the current post-Jobs era When the family has a net worth of nearly 700 million U.S. dollars, some people admire such behavior, but more people, under the guidance of caring people, regard Cook's move as an evasion of high inheritance tax.

Immediately afterwards, some media discovered that IRS investigators were haunting Apple and Cook’s home. Obviously, Cook was targeted by the IRS, and some people immediately shouted, “Look, Cook really has a problem~”

In fact, donations from the super-rich in the United States have never been new. As early as 2008, when Bill Gaizi stepped down as CEO of Microsoft, he announced that he would donate all of his $58 billion property to his charitable foundation, and by 2010 , the old stock god Buffett and Gaizi jointly launched the "Donation Pledge" campaign, calling on billionaires to use at least half of their wealth for charity during or after their death, and hundreds of billionaires responded.

But while these rich people are receiving praise, they are also being strongly questioned whether they are sincerely charitable.

Many people pointed out that the inheritance tax in the United States adopts a progressive tax system. The larger the assets, the more inheritance tax the children will have to pay when they inherit the estate.

In addition to inheritance tax, heirs also have to pay personal income tax. According to the current tax rate, if these billionaires want to transfer their wealth to the next generation in a formal way, it is inevitable that about half of the wealth will be collected by the state.

What makes the rich even more troublesome is that the US tax law stipulates that the beneficiaries of the inheritance must first pay the inheritance tax before they can go through the inheritance procedures. enough money to pay inheritance tax.

If the rich need to pay taxes when they realize their stocks, the loss of wealth will be too great, and if they donate the assets to a foundation established by themselves, this part of the assets can not only be exempted from tax, but also can be controlled by themselves, and their children can enjoy it. The reputation of philanthropists is the "best" choice for the rich. In other words, there are quite a few groups of people who believe that the rich donate to charity only out of self-interest and are not worthy of praise.

It was also pointed out that many charitable foundations pay more attention to investment and management, while ignoring the philanthropy itself.

For example, the Gates Foundation, which is positioned in social charity and public welfare activities, obtained an investment return of up to 3.9 billion US dollars with a capital of 26.8 billion US dollars in 2003, with a profit margin of about 15%, which is higher than that of many profit-oriented enterprises. The rate is even higher.

The Gates Foundation can be tax-free as long as it spends 5% of its total assets on charitable projects each year, which contradicts its stated goals of promoting health, housing and social welfare issues.

But how can rich people measure it with common sense,

They have slapped many people in the face with their actions. If the inheritance tax forced American billionaires to conduct charity, then it stands to reason that these billionaires should be the most welcome to the abolition of the inheritance tax.

But the actual situation is quite the opposite. As early as the beginning of the 21st century, when Xiao Feixie was in office, he proposed tax cuts to stimulate economic vitality in order to boost the US economy. It was opposed by a group of billionaires such as Buffett.

120 billionaires including Bill Gates’ father, William Gates, Soros, and the Disney heiress jointly submitted a petition to the U.S. Congress, opposing the abolition of the estate tax, and published an advertisement in the New York Times: “Please tax us We tax)!"

They believe that this tax exemption policy can only benefit the American millionaires and billionaires, while harming the poor who cannot make ends meet.

Because after the government tax is reduced, it will cut social welfare, medical security, environmental protection and other government projects that are crucial to the whole society. Moreover, this approach will make some rich people lose the motivation to donate to public welfare, and will reduce private income. Income from charitable causes.

The old stock god also believes that the worse impact of the abolition of the estate tax is to destroy the social foundation on which the United States was founded, that is, to get rich based on personal contributions rather than family background.

In a sense, the inheritance tax in the United States is to reduce the behavior of getting something for nothing and passing on wealth from generation to generation. It is intended to achieve equalization of intergenerational succession and prevent the next generation of the rich from easily winning at the starting line.

Moreover, the inheritance tax collected can increase federal income, thereby subsidizing disadvantaged groups and improving the overall benefits of society. This concept is also the consensus of many rich people in the United States, and whether donations have little to do with inheritance tax.

As for the value-added investment of charitable funds, it is easier to explain, it is to make charities more sustainable!

We must know that the property of private charitable foundations is mainly non-cash assets such as stocks, and the stock price is affected by the economic situation. If too many assets are directly invested in charity instead of investing in value-added, once the economic situation is not good, charity The amount of donations received by foundations will also decline. If there is no sufficient assets to maintain, these private charitable foundations may have to close down.

Through various investments, it is possible to ensure continuous financial resources and long-term philanthropy.

For example, the assets of the Rockefeller Foundation were 100 million US dollars when it was established, and the assets of the Ford Foundation were only 3.3 billion US dollars at the beginning of its establishment. By 2000, the assets of the Rockefeller Foundation exceeded 3.8 billion US dollars, and the assets of the Ford Foundation also increased in value. to nearly $12 billion.

Their annual charitable expenditures amount to hundreds of millions of dollars. These two foundations have continued to grow and develop through investment, and have become a typical example of the most influential private foundations in the world.

Therefore, no matter from which point of view, Cook's behavior is not wrong, but under the guidance of caring people, it has become an opportunity for the IRS to investigate.

It is true that the IRS likes to target the middle class, but they have never let down their vigilance against billionaires. Although billionaires have top personal financial planners to help with tax issues, as long as they are human, they will make mistakes. Once they are caught loopholes , whose fine tops the top 100 middle class surveys.

Therefore, this group of IRSs who swarmed here immediately with the smell of blood will never let Cook, a big fish, go.

Of course, Yang Cheng was also very puzzled when he received the news. The IRS suddenly came to investigate him before. It was obviously instigated by others, but he found nothing in the end, but why did he immediately target Cook again?

There is no relationship between Yang Cheng and Cook, not to mention that Tim Cook himself has no obvious ZZ tendency. He usually supports whoever is pleasing to the eye, or simply follows the general trend.

Before the general election is finally clear, he has not clearly expressed his support for a certain candidate. Although the entire Silicon Valley and technology circles, and even the entire western United States, are more supportive of the Donkey Party. Who makes the Elephant Party too conservative? This pair is full of innovative spirit. It is a taboo for the Internet and technology industry.

So why is the IRS staring at Tim Cook inexplicably?

Yang Cheng was puzzled, so she decided to take a look. Before the results came out, no one could be sure whether this was a conspiracy or just a normal behavior of the IRS.

Although Yang Cheng had similar thoughts about the IRS investigating her behavior before, but according to the situation after Kari inquired, the IRS special investigator suddenly received a call from his superiors and went to New Era Media to investigate Yang Cheng by name. Orange's tax payment situation is investigated.

This is very obvious. Yang Cheng has no evidence as to whether people from the Busch family are behind the scenes, but this does not prevent him from pointing the finger of suspicion at the Busch family, because they benefit the most from his unlucky luck. According to the general conspiracy According to inference, in a conspiracy, whoever benefits the most is more likely to be the conspiracy planner.

Oh, by the way, the young junior from the Busch family who was targeted by Hansen before may have sensed something was wrong. Under the arrangement of the family, he evacuated Los Angeles so quickly that Hansen hadn't had time to detain him. He had already returned to his hometown in Texas, which made Hansen regretful, and asked Yang Cheng for instructions that if he wanted to take him to Texas himself, he had to capture the little bastard alive.

Yang Cheng didn't say anything, but he couldn't blame Hansen. How could it be possible that the Busch family didn't have someone who matched Hansen's abilities, even You Shengzhi? Among other things, that person poisoned three women to death without anyone noticing. The murderer who planted the blame on Yang Cheng was definitely a master.

Later, Hansen sneaked into the scene to investigate. After he came out, even he himself was convinced. It would be difficult for him to be so clean and neat. There were almost no clues left. The murderer was definitely a master.

Of course, he didn't work in vain, and finally found clues from the other party's handling of surveillance.

Hansen is sure that the murderer has definitely received the most rigorous and top-level special military training, because the other party solved the trouble of monitoring in a very special way, which is very similar to the method used by a troop that Hansen knows, this troop But he used to belong to the old opponent of the Delta Force, which is the signal flag special forces of the polar bear.

Its strength is comparable to the well-known Alpha to the outside world, but it is relatively unknown to the outside world, and it is extremely mysterious. If the Alpha is mainly to perform domestic special tasks, then the signal flag is responsible for facing foreign countries.

The establishment time of this unit is unknown, and the specific number of people is unknown, but it is estimated that it was established at the end of the Cold War. Its members are selected from other special forces. The total size has always been kept at less than 1,000 people, usually 20 elites. To choose one of the special forces, each person must be proficient in the languages ​​​​of two to three countries, and then they must undergo special closed training for five years before they can be released to perform tasks. Warrior King.

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