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After the death of Jobs, the trust fund of the Jobs family still pays estate tax.

However, the inheritance tax ratio is only 15%, which is obviously very low compared to the highest inheritance tax rate of 50% in the United States.

Why do family trusts only need to pay 15% inheritance tax? The main reason is that, by convention, these trust funds are charitable when they are established, and a certain amount of money must be donated to charitable causes every year.

Although charitable, these trusts are also tax-exempt.

It is conceivable that as long as the successors can manage these trust funds well, even if a sum of money needs to be donated every year, the overall size of the trust will probably still increase.

Moreover, many trust funds also have a certain number of years for donations.

After fulfilling the donation period, the remaining assets will completely belong to the family of the trust fund.

In this regard, among the traditional American families, the Ford family has done the best.

Compared with the more established Morgan and Rockefeller, and the Ford family with an equally long history, the total assets of the family foundation have been rising for more than half a century.

Henry Ford has been dead for nearly half a century. Not only does the Ford family control a large-scale foundation, but the family's own assets still exceed US$10 billion.

Therefore, the Bill and Melinda Gates Trust Fund established by Damen is, in the final analysis, for the inheritance of wealth.It's just that, in Western society, just like racial discrimination, some things can be done, but it's better not to say it, or at least find a high-sounding reason.

This is also a kind of political correctness.

Another Warren Buffett, a veteran rich man, also established the Buffett Foundation very early.

Buffett's long-standing call for heavy taxes on the rich is also very false in Simon's view.

Because, if the United States really imposes heavy taxes on the rich, it will not be able to tax this veteran rich man.

Buffett only pays himself an annual salary of US$10 a year, and Berkshire Hathaway has never had any dividend mechanism. Therefore, Warren Buffett is not considered a "high earner" in theory, so naturally he does not need to pay He personally called for a 'heavy tax'.

Not only that, although they also called on the federal government to increase corporate taxes, but in the original timeline, taking advantage of the tax loopholes in the US insurance industry (insurance reserves do not need to be taxed), Berkshire Hathaway, which holds an insurance company, , has long owed tens of billions of dollars in taxes to the U.S. government by converting corporate revenue into insurance reserves,

Buffett has declared more than once that Berkshire Hathaway is actually an insurance company.

The reason is self-evident.

The Simon Janet Westeros Foundation of the Simon couple has been in continuous operation for several years, but it is also a purely charitable foundation.

To lay out the layout for the subsequent inheritance, at least one trust fund is needed.

Simon is only 24 years old this year, and now suddenly set up a family trust, the goal is actually too obvious.

The laws of the United States are not set in stone.

Now that he is showing his intention to make arrangements for wealth inheritance, it is inevitable that no federal congressman or presidential candidate will find that his approval rating is too low during the election process, so he will be used as a target to gain attention.

Most ordinary people like to rob the rich and help the poor, even if the 'rich' are robbed, the benefits do not fall on them.

This can be regarded as an institutional flaw in Western society.

Sometimes the rulers really use everything for the sake of votes, without considering whether the proposed initiative will cause harm to the long-term interests of a country, as long as it can incite the public is enough.

On the original timeline, France's ultra-high tax on the rich is the most typical representative.

The tax on the rich as high as 70% directly drove a large number of wealthy French people out of the country, and the French economy was severely impacted as a result.

In my memory, this tendency also appeared in the United States later.

The young female congresswoman from the bottom not only called for an income tax of more than 70%, but also proposed a wealth tax on the overall wealth of the rich.

Stealing from the rich and helping the poor can be said to be in the limelight for a while.

This society has never been fair.

There is nothing wrong with pursuing fairness, but if this pursuit exceeds a certain limit, it is not unfair to another group of people.

If the pursuit of fairness is completely out of control, people will starve to death as a result.

While his thoughts were racing, Simon nodded when he heard Janet's words, then shook his head again, and said, "Yes, but don't be too obvious. At least, it's not suitable to set up a trust fund yet."

Janet also understood Simon's concerns, and said, "I know, but I'm thinking, next, we should increase the proportion of overseas investment."

Although the United States collects taxes globally, placing more assets overseas will definitely have more leeway for maneuvering.

Otherwise, the wealthy Americans would not hide their trillions of dollars of wealth outside the United States.

Melisandre is headquartered in Switzerland, Nokia is headquartered in Finland, and Cersei Capital is also registered in an overseas tax haven. This is actually Simon's intentional or unintentional overseas layout over the years.

In the following days, as long as the couple had time, they quietly discussed the next development of the Westeros system.

Although plans can never keep up with changes, having a plan is of course better than having no plan.

Unknowingly, August passed by quietly.

The North American summer season has come to an end. Except for Clint Eastwood's new film "Unforgiven", which will be released on August 8, there are no other blockbuster films at the end of the summer season.

In the first week of September, the new issue of "Forbes" magazine officially announced the 9 list of the 1992 richest people in the United States.

Although not supported by official data from the Westeros system, Forbes magazine's calculation of Simon's personal assets is not much different from Janet's private statistics.

Of course, this difference is not big, it is only relative to Simon's total personal assets.

$ 650 billion.

The figure is even higher than Janet's private statistics. In the special article of "Forbes", the extra 50 billion US dollars is mainly because Forbes magazine is more optimistic about Eaglet Company than Simon and his wife.At the same time, Forbes' valuation of Daenerys Entertainment is also higher than Janet's statistics.

Therefore, a figure of 650 billion US dollars is even more outstanding on the entire list.

The No. 2 Damen classmate, although with the continuous rise of Microsoft's stock price, his net worth has reached 75 billion US dollars this year, but in front of Simon's 650 billion US dollars, he still can only look up.

Chapter 497 Start Broadcasting (Revision)

1992年的《福布斯》北美400富豪榜榜单，西蒙的650亿美元和大门同学的75亿美元之后，老牌传媒大亨约翰·克鲁格以55亿美元个人财富排行第三。

Compared with the former two, John Kruger's personal wealth has not changed much in recent years.

Later, Sam Walton passed away in April this year. Sam Walton's wife and four children occupied the fourth to No.4 with the same personal wealth of 51 billion US dollars, which also became the Forbes list in recent years. A highlight on the list.

Immediately afterwards, Warren Buffett ranked ninth with a personal wealth of US$44 billion.

The two brothers of the Newhouse family tied for tenth with a personal wealth of US$35 billion each.

It is not difficult to find that even if the two tied No.10 personal assets are included, the combined assets of all other billionaires in the top ten list are only US$499, which is still far away from Simon’s personal US$650 billion. A huge gap of $151 billion.

When the list was announced, it inevitably aroused the attention and discussion of all parties.

Simon's personal assets last year were only 350 billion U.S. dollars, but this is already a bit shocking. This year's 650 billion U.S. dollars has completely exceeded the imagination of most ordinary people.

Therefore, many media naturally began to analyze, what does 650 billion US dollars mean?

An article in the "New York Times" gave an intuitive concept that is most suitable for ordinary people: based on the average annual income of US$2.5 in recent years, an ordinary person wants to earn US$650 billion. Work for a full 260 million years.

It only took six years for Simon Westeros to accumulate his net worth at this time.

Of course, there is no lack of discussion about whether Simon's net worth is so much at this time.

However, just the publicly listed high-tech companies such as Cisco, America Online, Microsoft, Intel, etc. within the Westeros system are already dazzling.

Daenerys Entertainment, which has continuously created a series of box office miracles, completed the merger of MCA, and created the DC movie universe, is like a potential giant.Unlike a series of listed companies such as Cisco, the huge Daenerys Entertainment is still completely owned by Simon Westeros.

In addition, Verizon Telecom, Cersei Capital, Melisandre, Eaglet, etc., the strengths of these companies cannot be underestimated.

Such a huge business empire that has become ubiquitous in American life, the founder's personal net worth reached 650 billion U.S. dollars. Although the asset growth has reached an astonishing 300 billion U.S. dollars in just one year, but after careful statistics, it is not Not such an unacceptable thing.

With media reports and public discussions, it is inevitable that American Story's technology and entertainment sectors will rise again after the release of the new annual "Rich List".

Hollywood is too uncertain, and the threshold is a bit high, so the booming new technology industry has once again attracted more and more attention.

Entering September, the 9 US presidential election has also entered the latest sprint stage.

Candidates of both parties in the United States have been determined, and the incumbent President George Bush has easily won the nomination of the Republican Party candidate.After defeating a series of rivals, Bill Clinton successfully became Bush's rival.

When this year's "Forbes" list was released, during the campaigns of the two candidates, the views on Simon Westeros' personal wealth also became an important issue frequently mentioned by media reporters.

In this regard, George Bush is even more embarrassed.

In connection with the U.S. economy in recent years, media reporters like to ask George Bush how he plans to solve the growing personal wealth of the top rich in the United States, as well as the record-breaking poverty rate and high unemployment rate in the United States.

As we all know, Mr. President has always liked to focus on overseas issues, and to be more precise, it is oil.

The fact that the Bush family is an important part of the American oil conglomerate is almost indisputable.

Mr. President really has little interest in the US economy.

Of course, this is the truth, but it must not be said, so it can only be exhausted.

In this regard, Clinton seems to be more than capable.

Clinton's campaign slogan was about the economy, and when the presidential candidate was asked similar questions, he often subtly turned the topic to the rapidly exploding new technology field in the United States, while reaching out to his running mate Al Gore The "Information Superhighway" plan launched continuously depicts the prospect that after his election, he will promote another major change in the US economy, especially how many opportunities, wealth and jobs this economic change will bring to the United States.

In fact, many of the data cited by Bill Clinton were quietly provided by the Westeros system.

With the three Internet giants of Cisco, AOL and Eaglet, coupled with Simon's prophetic advantage, no one knows better than the Westeros system the development prospects of the new technology field in the next few years.

The George Bush camp will certainly not have access to these materials.

Moreover, it is an indisputable fact that Hollywood and Silicon Valley are now largely on the side of Bill Clinton.

For these two forces, one holds a large amount of wealth in the United States, and the other holds a large amount of public opinion resources. The Bush administration can only try to win over them.

For Simon, facing the wave of public opinion after the release of the rich list, the Westeros system will certainly not remain indifferent.

Hatred of the rich is an emotion that cannot be lacking in any society. Therefore, the public relations team of the Westeros system has been operating at full capacity during this period, focusing on promoting Simon as a special case, a miracle, and not just a pure super rich.

The public's acceptance of miracles will always be higher.

Simon's outstanding personal wealth also deserves the title of a miracle.

There are discussions, admiration, and envy, and naturally there will be no lack of targeting and questioning.

Not only is the U.S. presidential election, this year is also an election year for the U.S. Senate and House of Representatives.It would be too obvious and deliberate for the two presidential candidates to take Simon as an example. Some members of Congress will not have too many estimates for the support rate.

A Republican Senate candidate in California was quick to accuse the Westeros trio of companies of holding back competitors in the nascent internet space because of their Forbes list.

The congressman was very cautious and did not directly use the word monopoly.

The Internet industry is still in the early stages of development, and Eaglet is still in the stage of continuing to spend money and lose money.

It is obviously too early to accuse monopoly now.

Moreover, Eaglet not only took the initiative to open up a series of core patents of the World Wide Web before, but also spared no effort to create a positive image of openness and sharing for itself in the process.

In addition, America Online, because of its limited business scope, is also not considered a monopoly.

The only Cisco with obvious suspicion of monopoly happens to have a relatively single product, and it is basically the only one in North America. It is impossible for you to force others to license the products you have worked so hard to invent to other companies.

Of course, with the continuous outbreak of the Internet industry, the dominant position of the three companies in the whole industry is becoming more and more obvious.

In private, some joint strategies have been seriously considered, and it has indeed touched the relevant anti-monopoly laws and regulations of the United States.

However, this is ultimately just a matter of needing to be more realistic.

No corporate giant in the United States dares to say that it has never violated the US anti-monopoly laws.

However, the "timing" that the Senate candidate accused this time was very bad, because Eaglet Corporation just happened to make another key move to open up its technology to the outside world.

This time it's e-mail technology that many companies have been coveting for a long time.

As a technology with the widest range of applications on the Eaglet Portal, almost every World Wide Web user will register an e-mail after logging in to the Eaglet Portal.

Therefore, as of September 1992, the number of e-mail registrations on the Eaglet Portal has reached 3700 million, and the number of daily active users has exceeded [-] million.

With such a huge user base, any discerning technology company understands the huge business opportunities contained in it.

Eaglet Portal's revenue from e-mail advertising is also rising.

However, for the outside world, this may be a huge user base that makes people greedy.For Eaglet team, e-mail service means huge operating expenses every moment.

Knowing that the expense was totally worth it didn't stop Eaglet's team from starting other businesses with email technology.

Open e-mail technology was originally proposed by Carol Bartz, the head of the software service business.

As a sharp tool for the Ygritte portal to gather user groups, the portal team naturally would not agree.

The dispute between the two parties finally fell to Simon's side.

Carol Bartz bought the business services business of e-mail in the first place.However, until now, the Bartz team has also found that instead of providing direct email services to Eaglet, it is better to directly provide users with a complete set of webmail technology and solutions, the remaining server maintenance, and email technology. Eaglet does not need to be involved in management and some sensitive matters related to content.

In doing so, on the one hand, it can minimize the company's operational investment in enterprise-level email services, and it can also avoid legal risks related to information leakage.

It was the latter reason that moved Simon.

Although there are no privacy laws and regulations in the Internet field in the United States, it does not mean that Eagletec does not need to bear relevant risks