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View Full Version : The Hunts evade taxes with 'trusts'. Home in the Fijis.


Eric
01-08-2007, 01:45 PM
They use the Fiji islands as their base. The Garmin boys use the Caymans. Makes you wonder about the tax system.

http://www.assetpro.us/Famous%20People.htm
http://www.wealth4freedom.com/wns/trusthistory.htm

ChiefsCountry
01-08-2007, 01:47 PM
My family isnt wealthy yet we have trusts. Its just a smart thing to do.

Mile High Mania
01-08-2007, 01:47 PM
I doubt this is rare when you look around professional sports... or bajillionaires in general.

88TG88
01-08-2007, 01:48 PM
it happens all the time. i dont worry over technical mumbo jumbo

Mile High Mania
01-08-2007, 01:51 PM
We have a trust as well, just not worthy of Fiji or Cayman geography.

journeyscarab
01-08-2007, 01:53 PM
I screwed up and now I am outside the circle of trust.

Simplex3
01-08-2007, 01:53 PM
I've done this for years. :shrug:

Simplex3
01-08-2007, 01:54 PM
Frankly, it's the only way in hell you can give your business to your kids. If you don't set up a trust the govt will own it, period.

Woodrow Call
01-08-2007, 01:54 PM
So...

BIG_DADDY
01-08-2007, 01:54 PM
If there is one thing I am sure of it's that the Hunt's have paid their fair share of taxes. Moving money offshore is going to become even more popular as our country gets older and our government gets bigger. Wait till the Dems increase taxes then you will really start to see the money move.

Rooster
01-08-2007, 01:55 PM
Our tax system is a joke. There is currently 11 trillion American dollars in offshore accounts.

Brock
01-08-2007, 01:57 PM
I'd do the same if I had that kind of money. As it is, I take every quasi-legal means to shortchange the government, always.

ping2000
01-08-2007, 01:58 PM
"You play to win the game"

el borracho
01-08-2007, 01:59 PM
I'm surprised if you're really surprised. Why wouldn't they protect their money as best they could?

Eric
01-08-2007, 02:00 PM
I have no problem with it.

http://72.14.253.104/search?q=cache:uYuDlww_ZdoJ:www.spto.discoverparadise.org/spto/export/sites/spto/investment/fiji.shtml+Fiji+Islands+taxes&hl=en&gl=us&ct=clnk&cd=5&client=firefox-a

I don't know if he pays their income tax instead of the States.

MGRS13
01-08-2007, 02:00 PM
The richer you are the less you pay. Where the hell have you been for the last 100 years?

Brock
01-08-2007, 02:01 PM
The richer you are the less you pay. Where the hell have you been for the last 100 years?

LMAO

Hydrae
01-08-2007, 02:03 PM
Yet another reason to get rid of our current tax system. This money should stay invested here in the good ol' US of A. :cuss:

BIG_DADDY
01-08-2007, 02:06 PM
Yet another reason to get rid of our current tax system. This money should stay invested here in the good ol' US of A. :cuss:

Never happen. That's not exactly what I would call a free society either. It was taxed when it was made what gives us the right to force people to keep it here?

Bwana
01-08-2007, 02:09 PM
Smart move, good for the Hunts.

Hydrae
01-08-2007, 02:12 PM
Never happen. That's not exactly what I would call a free society either. It was taxed when it was made what gives us the right to force people to keep it here?


Freedom should mean lack of coersion anyway, right? I am not advocating "forcing" people to keep their money here. Instead the system should encourage people to keep it here. :shrug:

BIG_DADDY
01-08-2007, 02:14 PM
Freedom should mean lack of coersion anyway, right? I am not advocating "forcing" people to keep their money here. Instead the system should encourage people to keep it here. :shrug:

Agreed.

patteeu
01-08-2007, 03:02 PM
Good for them. If America was a tax haven, foreign billionaires would flock here to avoid their taxes and we could all sell them fancy stuff.

2bikemike
01-08-2007, 03:23 PM
Hey its not how much you make but how much you keep that makes you wealthy. I am always looking for ways to shelter my money.

The Govt gets a fair share from me and turns around and pisses it away and I am sure they are getting a fair share from all the mega rich folks as well.

Ultra Peanut
01-08-2007, 04:21 PM
okay cool;

Bowser
01-08-2007, 04:23 PM
I'm sure I'll do the same when I win the powerball.