Bloomberg Business Week, has an incredibly detailed review of PHK's strategy of legal Tax Estate smoothing, further bolstered by PHK's awareness in 2010, of the implications of the Fed's unprecedented rate flattening, and the chance to use the IRS's "new hurdle" rate, to deliver a great GRAT bestowal, to his and Penny's family branches.
Way to go Buck, you really put it to that "BeauroCracken" for sure.
What's next, " One more crazy idea".
Hey Larry, pay attention, stop merging pineAPPLEs, don't give more than you need too.
Businessweek
The Hidden Ways the Ultrarich Pass Wealth to Their Heirs Tax-Free
An inside look at how Nike founder Phil Knight is giving a fortune to his family while avoiding billions in U.S. taxes.
By Ben Steverman, Anders Melin, and Devon Pendleton
Illustrations by Chris Nosenzo
October 21, 2021, 12:00 AM EDT