Thursday, April 28, 2011

Wealth Tax on Jumbo Trusts?

Just when we thought there was nothing left to worry about except who forged President Obama's "long-form" birth certificate! Donald Trump – who considered running for president as a Democrat in 1988 and as a Reform Party candidate in 1999 – raises a new concern for The New York Times:

"[Mr. Trump] has not said whether he still supports the idea he introduced a decade ago to impose a one-time 14.25 percent tax on the net worth of individuals and trusts worth $10 million or more."

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