“Just before the Enron scandal broke, the company’s CEO immediately put his money into annuities—in his wife’s name.
Why? Because those assets are creditor-protected, so they can’t be seized (in this case, by the government).
This is just one example of many—remember the14% tax rate Mitt Romney paid on his $13 million income?—illustrating how extremely wealthy people get the most from their money. And most of them do it legally.”
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