@lymanstoneky "If you have a measly extra $5k laying around to help your child have a more comfortable life when they are older the Federal government should confiscate it and force your child to be a ward of the state"
@davidliuxyz This is the only correct answer: El Segundo has no gross receipts tax, unlike LA City. This is why defense contractors have been located there for decades.
@Molson_Hart To help understand why El Segundo: It became a hub to defense contractors years ago because unlike Los Angeles, it has no gross receipts tax. The end.
@DadInvest Biden tried to nuke it, actually. It’s one of the last tools that is truly “too good to be true” for larger estates, IMO. Being able to “sell” assets above the exemption to a trust, move them out of your estate, and not pay any capital gains taxes is a huge loophole.
@KevinLiao_ This is pathetic. These vague innuendos that a person is bad because of loose associations is getting old. What are your problems with his policies? Say them out loud so they can be discussed.