And now for something completely different: entertaining new
developments in the charming field of tax fraud. In this case, a
bunch of rich folks are trying
to avoid paying their legitimate debt to the society that made
them rich using a tax exemption written into the law decades ago for
very small insurance companies. The way it works is that they set up
a holding company for their assets which does a small amount of
insurance business (for their own offices, or the like), and maintains
those assets as a huge reserve, which they get to manage tax free.
Why, oh why, do these people hate America?
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