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September 27, 2012 11:46 am PDT
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/zkODSw7QnF8/romney-avoided-tax-on-1999-dot.html
Romney avoided tax on 1999 dot-com riches with trust nicknamed, "I Dig It"
Jesse Drucker at Bloomberg reports on how, back in pre-dotcom-crash 1999, a trust Mitt Romney set up for his children and grandchildren returned a 1,000 percent return on the sale of shares in Internet advertising giant DoubleClick Inc. "If Romney had given the cash directly, he could have owed a gift tax at a rate [...]Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/zkODSw7QnF8/romney-avoided-tax-on-1999-dot.html
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