Documents tagged "Pay"
Found 2 documents with this tag
HOUSE_OVERSIGHT_030268.txt
Thomas L. Friedman discusses Egypt's economy and political transition after former President Hosni Mubarak's ouster in the New York Times article "Pay Attention". He criticizes the country for importing low-wage manufactured goods from China, and expresses concern about the new government's ability to stay afloat financially. Friedman also discusses the need for quiet, behind-the-scenes engagement with Egypt's ruling generals from Washington to ensure a successful transition to democracy.
HOUSE_OVERSIGHT_022350.txt
The document discusses a tax-efficient strategy for transferring the future appreciation of an asset called Intentionally Defective Grantor Trust (IDGT). The strategy involves the grantor selling assets to an irrevocable trust and receiving a note for the fair market value of the asset plus interest at current AFR, paying income taxes generated by trust assets, and after the note is paid, remaining trust assets pass to heirs gift tax free. Additional considerations include pre-funding the trust, having the loan guaranteed by trust beneficiaries, and allocating GST exemption to maximize benefits for heirs. The document also mentions a "Cascading GRAT" strategy that involves selling assets to multiple IDGTs in succession to enhance potential benefits.