tag:blogger.com,1999:blog-7895164153505105997.post8339828395659853808..comments2024-01-17T00:45:37.075-08:00Comments on Bud Meyers: Mitt Romney: Low-Income Earners Are "Free-Riders"Bud Meyershttp://www.blogger.com/profile/02065020063363023395noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7895164153505105997.post-38190684637398456302012-01-29T06:20:18.019-08:002012-01-29T06:20:18.019-08:00UPDATE: The Tax Reform Act of 1986 ALSO created a...UPDATE: The Tax Reform Act of 1986 ALSO created a tax on trust funds every time a generation passed on, but it ALSO gave rich people and their heirs an exemption that shielded part of those original trust. Trusts now became even more attractive to the rich — and the longer a trust could last, the better.Bud Meyershttps://www.blogger.com/profile/02065020063363023395noreply@blogger.com