Excerpt:... Blattmachr's genius is in seeing the whole and these holes in the whole. He then sells this genius to his clients. One of his early insights was that it is entirely and legally possible for the superrich to reap unlimited stock profits without paying a cent of capital gains tax. The rich can do this by manipulating charitable trusts. These trusts are a common enough device used by generous people who own an asset, usually stock, that has appreciated in value. Instead of selling the stock, paying capital gains taxes, and then investing the after-tax proceeds, a person can instead donate the stock to a charitable trust that he controls. The trust can sell the assets tax-free and invest the untaxed proceeds. The income from that investment -- typically 6 percent annually -- is paid to the donor for life. When the donor dies, what remains in the trust goes to charity.
Blattmachr took this clever gimmick and supersized it. He figured out a way to turn that nice little 6 percent annual income stream into a torrent -- 80 percent returns a year for two years. So on stock gains of $100 million, the owners would get back at least $96 million, as opposed to the mere $72 million they would have gotten if they had sold the stock outright and paid capital gains taxes. Then the trust would fold, and some charity would get the remaining $4 million. The government would get less than nothing since the gift to the charitable trust would create an income tax deduction....
I have a limited amount of space on my laptop. From time to time I need to make room for various things. Since I have a copy of all my music at home, the easiest thing to delete is part of music collection.
The worst is when you you have a playlist containing a missing song and iTunes interrupts playback to tell you "that file is missing". At least it did in 4.2, I haven't tested this in 4.5 yet. An option to ignore missing files would be nice.
I cannot believe that is does not allow sorting by the exclamation column (at least on windows). My biggest problem is when I have to remove the underlying files and rebuild the database. It would be nice to sort by all the missing songs and then delete a large chunk of them at once. Or add an option to rebuild the database for you.
How about a wxWindows book? There are a bunch of little tutorials on the web, but no dead tree tutorial book or API reference. There are a bunch of people interested in contributing here.
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Not so true. For the very rich creating charitable trusts can be a helpful way of avoiding taxes that normal people would have to pay.
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There is a very interesting article in the NY times by David Cay Johnston: http://www.nytimes.com/2003/12/21/magazine/21ENCO
Excerpt:
Blattmachr's genius is in seeing the whole and these holes in the whole. He then sells this genius to his clients. One of his early insights was that it is entirely and legally possible for the superrich to reap unlimited stock profits without paying a cent of capital gains tax. The rich can do this by manipulating charitable trusts. These trusts are a common enough device used by generous people who own an asset, usually stock, that has appreciated in value. Instead of selling the stock, paying capital gains taxes, and then investing the after-tax proceeds, a person can instead donate the stock to a charitable trust that he controls. The trust can sell the assets tax-free and invest the untaxed proceeds. The income from that investment -- typically 6 percent annually -- is paid to the donor for life. When the donor dies, what remains in the trust goes to charity.
Blattmachr took this clever gimmick and supersized it. He figured out a way to turn that nice little 6 percent annual income stream into a torrent -- 80 percent returns a year for two years. So on stock gains of $100 million, the owners would get back at least $96 million, as opposed to the mere $72 million they would have gotten if they had sold the stock outright and paid capital gains taxes. Then the trust would fold, and some charity would get the remaining $4 million. The government would get less than nothing since the gift to the charitable trust would create an income tax deduction.
I have a limited amount of space on my laptop. From time to time I need to make room for various things. Since I have a copy of all my music at home, the easiest thing to delete is part of music collection.
The worst is when you you have a playlist containing a missing song and iTunes interrupts playback to tell you "that file is missing". At least it did in 4.2, I haven't tested this in 4.5 yet. An option to ignore missing files would be nice.
I cannot believe that is does not allow sorting by the exclamation column (at least on windows). My biggest problem is when I have to remove the underlying files and rebuild the database. It would be nice to sort by all the missing songs and then delete a large chunk of them at once. Or add an option to rebuild the database for you.
Does sorting work on OS X for anyone?
How about a wxWindows book? There are a bunch of little tutorials on the web, but no dead tree tutorial book or API reference. There are a bunch of people interested in contributing here.
So this is what they are going to be putting in their new set-top boxes? Or maybe the Xbox2's OS?