"Ignoramus18915" wrote in message
...
On 2010-07-31, ATP wrote:

"Ignoramus18915" wrote in message
...
On 2010-07-31, ATP wrote:

"Ignoramus18915" wrote in message
...
On 2010-07-30, pyotr filipivich wrote:
Nope. An Estate Tax (or to call it more properly a Death Tax) is
why we get Paris Hilton. She knows she's not going to inherit it,
her
Daddy knows she's not going to inherit, so why not spend it as much
as
possible now, before it goes tot he tax man.

Excuse me?

Do you have a clue as to what you are talking about?

Transferring money to anyone (such as heir) as a gift, while alive,
subjects them to gift tax, which is very similar (and is designed to
supplant) estate tax.

Getting money from daddy when daddy is alive, is generally taxed the
same way as when daddy is dead.

I'd be surprised if the full value of the services, transportation,
clothing
etcetera consumed by Paris Hilton is accounted for and taxed.

Do you mean that what her dad pays for her clothing, is not taxed with
gift tax?

Good question.

i

Staying at family compounds, buying on family charge accounts, payments
for
bogus services, staff on family payroll, there are probably a lot of ways
to
prop up her lifestyle without gift taxes.

Hard to say, my guess is that she is too high profile to hide that
sort of thing.

Hilton may be lacking in the morals area but she's one sharp broad - a
millionaire in her own right many times over.
Paris Hilton has become a brand and that brand has left the person behind.
She is now Paris Hilton, Inc.

JC