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December 28, 2013 02:00 pm PST

South Dakota: the Bermuda of the prairie, letting billionaires avoid millions in estatetax

America's billionaires are able to avoid paying millions in inheritance taxes by renting empty storefronts in South Dakota in order to give their trust-funds an SD address, from which they can exploit a deliberate loophole in state tax-law.







Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/q90jWsF0KxA/story01.htm

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