Blum, the Texas lawyer, lamented in the seminar last year that Congress had shined a spotlight on many of the best tools in our toolbox that we use to avoid estate tax. He warned, Now that the general public is aware, there is a growing outcry to shut down these benefits. An opera and wine aficionado, Getty is a partner in Odette Estate winery in Napa Valley. The Getty family faced numerous tragedies: The wife of Gordon's brother J. Paul Jr. died of a heroin overdose; J. Paul Jr.'s son was kidnapped by Italian gangsters. Getty's opera The Canterville Ghost was premiered on May 9, 2015, at the Leipzig Opera. For another, helping to manage a familys most sensitive financial deliberations could be an emotional process; these are blood-sucking jobs, as one finance professional put it. In private moments, even Old Paul Getty marvelled at his drive to accumulate. I played a lot of golf as a kid, he said. Blum told his colleagues, Conditions for leaving large sums have never been better, noting that Congress has not closed an estate-planning loophole in over thirty years. In a report from 2021, the Treasury Department estimated that the top one per cent of taxpayers are responsible for twenty-eight per cent of the nations unpaid taxes, amounting to an annual shortfall of more than $160 billion. They should try reading it, What to expect from Elon Musks third master Tesla plan, Drugmaker Eli Lilly to slash insulin prices, Stocks drift as Wall Street braces for higher interest rates, TikTok to set default daily time limit of up to 60 minutes for minors, Before and after photos from space show storms effect on California reservoirs, 19 cafes that make L.A. a world-class coffee destination, A $150,000 executive protection dog? That may have been especially so when she told Kendalle in July 2020 that avoiding duly owed California taxes would not be a sign of integrity re: the spirit of the law in conformity with a progressive outlook. The arc of an American fortune, it is often said, goes from shirtsleeves to shirtsleeves in three generations. Other cultures have similar admonitions. But lobbyists mobilized, reviving some of the same arguments that gutted the estate tax, and by Christmas the exemptions had been saved. In 1963, a BBC documentary called The Solitary Billionaire featured him dining alone at a seventy-foot banquet table and performing exercises in a three-piece suit, hoisting a barbell over his head, beside a wall decorated with a Renoir. New Getty Investments was formed with the objective of continuing Old Getty Investments, which would have Consider a lawsuit filed last month in federal court in Brooklyn by Marlena Sonn, who describes herself as an investment advisor to two of the three daughters of Gordon P. Getty, the heir to the late oil tycoon J. Paul Getty. Property taxes were due only if the owner of a property died, so, if you kept playing hot potato with the deed, effectively the owner never died. In 1682, to curb gaming of the law, Englands Lord Nottingham established a rule against perpetuities, which set the maximum length of a trust at the life span of the beneficiary plus twenty-one years. Researchers who study I.R.S. ReFlow currently has over 20 approved mutual fund complexes that manage over $500 billion in assets. Ms. Sonns dissenting views on the matter were no longer welcome.. The grandfather, by then known as Old Paul, suspected that it was a charade orchestrated by family members to extract money. Should I spend more? So theres this game of counting their days, she said. Sarah Getty told me, My anxiety mind will take over sometimes and be, like, Should I spend less? His $200 million share of the family trust was redistributed among his siblings. Spencer Platt/Getty Images Amazon's recent acquisition of a chain of health care clinics from One Medical is raising questions of Big Tech's growing role in the sector. Sonn says she became more than a financial advisor to Kendalle, who regularly turned to Ms. Sonn for advice on interpersonal relationships with various family members, roommates, and/or romantic partners.. Climate change is an externality. Social injustice, and the various social crises that were experiencing right now, would be considered externalities. And theyre actually mandated by corporate law to say, You cannot think about the externalities. Other than the very liberal, highly educated, intellectual lite, they dont feel guilty at all. Anybody who is within the industry, and has been there a long time, has accepted certain tenets, she said. In 1999, their mother asked a court to recognize them as legal descendants. In the spring of 2013, a lawyer told her about a potential client who might benefit from Sonns expertise: a young woman in line to inherit part of an iconic American fortune. (The prize of the general is not a bigger tent but command, Oliver Wendell Holmes said.) She says that anytime that Kendalle was in crisis, she would call on Ms. Sonn to clean up her messes and help her navigate personal troubles. Sonn says she was paid a total of about $180,000 by Kendalle and Alexandra, plus bonuses at the sisters discretion. Sonn began attending the quarterly meetings the three sisters had with their father regarding the management of Pleiades. When it comes to taxes, there have always been advantages in certain lines of work. The recipe requires only two steps: have your lawyer set up a trust on paper with your heirs as beneficiaries, and fill it with assets that you strongly suspect will rise in valuesay, the stock of your company about to go public. One of her primary duties was monitoring the important matter of location. They reduced their demand to about three million dollars, but threatened to cut off other body parts, too, if they got no reply. Owning Thoroughbreds can allow you to write off millions in pleasant investment losses each year. The money will go to several organizations including the University of San Francisco, the San Francisco Symphony, the San Francisco Opera and the San Francisco Conservatory of Music, which is close to Gordon Getty's heart. Gordon cut his daughters in on the Getty fortune using a trust fundin essence, an imaginary legal lockbox that can shelter assets from taxes, creditors, and ex-spouses. No, she said. You may occasionally receive promotional content from the Los Angeles Times. The goal, Sonn alleges, was to evade at least $300 million in California taxes from 2013 through 2021, the period during which she worked for two of the three sisters. Nicolette allegedly complained to Leberman in an email about the cost of the strategy, which included quarterly out-of-state meetings for 30+ people in expensive hotels using private jets, etc. [1] When his father died in 1976, Gordon assumed control of Getty's US$2billion trust. The Japanese version is bleak: The third generation ruins the house. The Germans dwell on the mechanics: Acquire it, inherit it, destroy it.. And youre just in a world in which, four times a year, youre going to Nevada or wherever., For half a century, Gordon Getty has lived in a grand yellow Italianate mansion in Pacific Heights, with sweeping views of the Golden Gate Bridge and Alcatraz. Sonn filed her lawsuit on May 11, naming Kendalle and Alexandra Getty, their personal investment funds and Robert L. Leberman, who administers several of the Getty family trusts and manages assets for Gordon Getty. But there are other Getty trusts; if they all follow the practice that Sonn alleges about Pleiades, the amount at issue could be in the billions. The defendants lawyers either declined or didnt respond to my requests for comment. She was born in Queens, to parents from South Korea, who she says were determined to see her fulfill the American Dreamgo to Ivy League schools and become a doctor or a lawyer. As a student at Barnard College, she was drawn to the punk and goth scenes and to progressive politics. A series of disclosures, beginning in 2016 with a leak from the law firm Mossack Fonseca, have revealed spectacular extremes of high-priced tax maneuveringwhich, among other consequences, brought down the leader of Iceland and embarrassed the Prime Minister of the U.K. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. To oversee the Pleiades Trust, Gordons family office had helped establish a corporate entity for each of the sisters, named for their initials: ASG Investments and KPG Investments. Though trusts have been around since the Middle Ages, they have recently experienced a surge of innovation and popularity, as wealthy people pursue ever stronger ways to avoid publicity and taxes. The Getty Center, on a sun-drenched hilltop in the Santa Monica Mountains, is one of Americas most visited art museums. Newcastle, who poached Gordon for an initial 40million ($48.4m) in January, were relegated the year Moshiri arrived. Now Gordon Getty's remaining living children are Peter and Billy, and their three half-sisters who he fathered during an affair. The Getty family trust, of which Gordon and his sons are beneficiaries, was restructured by creating a successor, known as the Pleiades Trust, to benefit his daughters. That lucrative maneuvering is the realm of specialized attorneys, accountants, and money managers, many of whom work for family offices: in-house financial teams that typically include a dozen or so full-time attendants. Gordon, who is now a business partner of Gavin Newsoms, and other family members have contributed hundreds of thousands of dollars to Newsoms political campaigns over the years. The patriarch never paid much in taxes. Kendalle soon transferred the rest of her assets to Sonn, and introduced her to one of her sisters, AlexandraS. Getty. The Getty family, Sonn asserts, was counting on its political pull in California to minimize that possibility, but that was a calculated risk. Among their connections is Gov. By 2019, Senator Elizabeth Warren, of Massachusetts, was calling for people with fortunes of more than $50 million to give up two cents on every additional dollara formula repeated so often that crowds at her events began chanting, Two cents! For the moment, restoring real taxes on what we leave behind could be more politically viable than levying a wealth tax. In a countersuit, Sonn accused the Gettys and their advisors of retaliating for her opposition to a "dubious tax avoidance scheme" that could save them as much as $300 million. And yet, in recent times, the fortunes of many prominent American clans have soared. WebGlobal One Investments, LLC is a real estate investment firm that seeks core-plus and value-add multifamily investments in the New York City metropolitan area. On of them, son Gordon Getty, was given access to the Getty trust in the 1980s, and engineered a sale of Getty Oil to Texaco for $10 billion. Gordon Getty openly acknowledged paternity: Nicolette, Kendalle and Alexandra are my children, he said. The line between avoidance and evasion is not mysterious. 502 likes. Sonn assisted Kendalle and Sarah as they navigated the complications of their new wealth. Ive learned that you cant even trust the people you hire, she told me. ), But moving away for 1-2 years to avoid California taxes struck Sonn as a dubious charade. Commentary on economics and more from a Pulitzer Prize winner. She moved a million of it to Sonn, who agreed to invest it for an annual fee of one per cent of the assetsa standard industry rate. WebShrewd investment . We will have families with wealth in the trillions.. Rich L.A. homeowners are snapping them up, Elizabeth Holmes cites her new baby as a reason she should avoid prison for Theranos scam, ChatGPT who? In that years Presidential election, Donald Trump bragged that he was smart for not paying taxes, provoking fury among opponents and agreement among supporters. His parents, devout Methodists, disapproved. Last May, Marvin Blum, a Texas lawyer and accountant, gave a seminar for fellow-accountants who were figuring out how to profit from the influx of wealth that needed protecting. Since inception, ReFlow has provided over $17 billion of capital to participating mutual funds. In the nineteen-nineties, conservatives, pressing to eliminate the estate tax, condemned it as a death tax, and insisted that it imperilled family farms. Theres a price schedule that we set amongst ourselves as a polity, he said. I dont know why I continue to be active in business, he wrote in his diary in 1952, four decades after he first tried to retire. I dont think were being in integrity re: the spirit of the law. She added, Im compelled to tell you the truth here, even though its an ugly shitshow and not of either of our makings., Kendalle replied with one word: Zoinks.. We would work out tax-efficient strategies to move clients out of legacy positions and into a new portfolio that was more simpatico with their conscience, she said. People become engaged in the wrongdoing themselves. Everything we were trying to do was lawful, she said. Ever since then, Americans have groped for a balance between the instinct to bequeath and the dangers of excess. In 1983, South Dakota became the first U.S. state to abolish the ancient rule against perpetuities, clearing the way for what became known as dynasty trusts, which can shield assets from inheritance taxes for centuries. The wealth-management industry prefers a gentler vocabulary; it makes fewer mentions of money and taxes than of creating meaningful legacies and of fending off wealth attrition and dilution. In 2021, ProPublica deployed leaked tax data to investigate some of the most meaningful legacies of recent years: $205 million for the son of the opioid-maker Mortimer Sackler; $570 million in trust income for William Wrigley, Jr., the great-grandson of the chewing-gum magnate. At a site called Sungir, east of Moscow, which holds the remains of hunter-foragers from at least thirty thousand years ago, archeologists found children with spears, art, and furs adorned with thousands of beads, painstakingly carved from mammoth tusks. One son, Paul, Jr., instantly became the sixth-richest man in Britain, with interest payments alone earning him a million dollars a week. For the next several years, Sonn consulted on investment strategies, interviewed money managers, and sometimes voted in Sarahs stead. The caption read, Armour for your assets. Like any combatants, wealth managers gather intelligence: a tax lawyer told me that his firm had used the Freedom of Information Act to obtain a copy of an internal I.R.S. New York, Seattle. The Gordon and Ann Getty Foundation is a private foundation located in San Francisco, CA, which made $10,645,160 in annual grants last year. She started out at a small firm in lower Manhattan, working as a receptionist and studying at night to become a financial planner. The following spring, Kendalle and KPG Investments filed suit in Nevada state court, alleging that Sonn had breached her fiduciary duties and deceived her client into agreeing to the bonus. Its perfectly legal to avoid taxes by honestly reporting losses and deducting expenses, and its perfectly illegal to evade them with lies (by understating income or bartering to avoid sales, among many other techniques). It would be a different place every quarter, Sonn said. His biggest bet, on the oil prospects of a region between Saudi Arabia and Kuwait, became a bonanza. In all the years Sonn worked with Kendalle and Sarah, they had never, as far as she was aware, set foot in Airport Gardens. And I think that some of what were experiencing is that window has been closing for the last ten or twenty years., But, despite the dispute, Sonn blamed her former clients less than their enablers in finance and politics. challenged its use by the former wife of the brother of the Walmart founder, Sam Waltonand lost. I wondered whether, working for the Gettys, she imagined herself as a sleeper cell, there to dismantle the system. team When, in 1957, Fortune crowned him the richest American, his sons were shocked. The financial-services industry lives between the letter of the law and the spirit of the law, she said. Brooke Harrington, a Dartmouth sociology professor whose book Capital Without Borders examines the tools of tax avoidance, told me that families like the Kochs, the Waltons, and the Gettys have escaped the old adages about generational decline thanks to a perpetual-motion machine of wealth creation. Often, she said, the advisers job is protecting the fortune from the family. In truth, she said, they often worked on the Pleiades Trust while in California; in 2016, for instance, she had visited Gordons house in Pacific Heights to help interview a battery of prospective financial advisers. In exchange for the love I didnt receive in my life, I got money, she said. Luke Weil, an heir to a gambling-industry fortune, once told a documentarian that the prospect of losing his inheritance haunted him like the threat of losing a parent or a sibling., The deepest motive may be even more primal, an innate appetite for status. In 2007, the two drivers went head to head in a nail-biting chase for the Nextel Cup. He vowed to create a Getty dynasty, but this was more a financial concept than a familial one. Once a year, it would be in Nevada, usually in Las Vegas, because none of the family members wanted to go to Reno. Buried in the details of California law was a statute that said that, as long as they could make the case that they never did the major portion of their business in California, they might each be able to dodge tens of millions of dollars in taxes on the inheritance. The $600 million is in addition to the Getty family's acquisition of Carlyle's majority stake in the company in September 2018, reflecting the Getty family's substantial Though he originally entered the oil business himself, he preferred to make his career as a classical Sarah has experienced the dispute as a personal betrayal. Why didnt reform work? Kendalle Getty, however, did sue Sonn in Reno state court about two weeks after Sonn filed her case. The tax courts decision just blew this loophole wide open, Lord said. Its walls and walkways are made of pale travertine, mined from an ancient quarry east of Rome. WebThe principal offices of New Getty Investments are located at 5390 Kietzke Lane, Suite 202, Reno, Nevada, 89511. And there isnt much of a market for a disgruntled wealth manager. in music from the San Francisco Conservatory of Music. He would also earn a B.A. Her efforts have ended in lawsuits. Most of the defendants havent yet responded to the lawsuit, so we dont know how they would describe their relationship with Sonn. Taken at face value, it says that Sonn learned that the sisters and their other family advisors were pushing tax law beyond reasonable limits, she advised her clients to stop doing so, and that in retaliation they fired and stiffed her. His tactics became so aggressive that President JohnF. Kennedy personally leaked details of Gettys taxes to Newsweek, revealing that, in a recent year, Getty had paid a total of $504 in federal income tax. This is a pattern that recurs throughout history. Greed is not always about money for moneys sake. Best of all, theres nothing to stop you from setting up a new GRAT every month. One particular ritual was sacrosanct: four times a year, to maintain the claim that their trust was not run from California, they boarded jets to some locale beyond the state border, before casting their official votes on investment decisions. The facts say otherwise. Critics of global inequality call this stratum of business the wealth-defense industry, and have pushed Congress to impose taxes, eliminate loopholes, and restore narrower limits on American inheritance. Now their dispute is exposing dynastic secrets. His net worth was $2.1 billion in September 2020, making him number 391 on the Forbes 400 list of the wealthiest Americans. By the end of the year, Kendalle had fired Sonn, too. The financial upside bordered on the supernatural. In the nineteen-fifties, Getty was declared the richest living American. Known as Sarah, she split her time between Los Angeles, New York, and Japan, and identified herself on social media as an artist, webtoon creator, boxer, runner, and vegan. Sarah hired Sonn, and within a year the sisters asked her to help run their trust fund, too. Ad Choices. It doesnt count as a gift, because the trust is, technically, an annuity, which pays you back over two or three years. When Chuck Collins, a great-grandson of the meatpacker Oscar Mayer, told a fellow-heir that he planned to give away the corpus in his trust, she invoked the goose that lays the golden egg. If the case eventually settles, it isnt clear what she might win or lose. What do we do with this five million, and what do we do with that five million? Sonn recalled. Through the years, Old Pauls protectors have suggested that he was the greatest victim of his own stinginess. In her suit, she accused her former patrons of threatening to ruin her professional reputation if she went ahead with the case. In 1973, his sixteen-year-old grandson, John Paul Getty III, who had left school to be a painter in Rome, was kidnapped by Calabrian gangsters, who stashed him in the mountains and demanded $17 million for his safe return. It taints everything., Marlena Sonn thought that she could help the Getty sisters expunge that taint, she told me one morning in November. We had this crazy competition where states are trying to outdo each other in giving cushy tax situations, Lord said. You have to think about the profit first., Sonn told me she didnt know anyone else in finance who had publicly criticized a client or the underlying assumptions of the business. Other ideas have received less attention. Nobles figured out very quickly that it was a great way to dodge taxes, Harrington, the Dartmouth sociologist, said. In a black-and-white dress and chunky glasses, with salt-and-pepper hair falling to her shoulders, she betrayed little sign of the erstwhile punk and activist. For all that we may be getting fed up with the hijinks of billionaires trying to use their fortunes to get their way in business and government, the lifestyles of the rich and famous still have the power to fascinate and shock. To enjoy the financial advantages of Nevada, the Gettys did not have to move there. Gordon P. Getty, 88, is J. Paul Gettys fourth son and heir. One of the lawyers likened it to an elaborate treaty negotiation among warring nations.. She alleges that Sonn used that relationship to arrange an inflated bonus, which Sonn disputes. handbook, which lists the thresholds that agents use to determine if a discount is suspiciously large. Her father, Gordon Getty, a composer and a philanthropist in San Francisco, worth an estimated $2.1 billion, had four sons with his wife, Ann. Secretly, he also fathered three daughters in Los Angeles during an extramarital affair. In 1999, their mother asked a court to recognize them as legal descendants. I worry about whats going to happen two or three decades from now if nothing is done. )[9], On April 1, 2015, it was reported that Getty's son Andrew Rork Getty died at his home in Hollywood Hills, suffering, the Los Angeles County coroner's office found, from methamphetamine intoxication, heart disease, and bleeding linked to an ulcer. WebGetty at the Getty. The delicate arbitrage of state taxes is governed less by the constraints of the physical world than by the dream palace of accounting innovation. Sign up for our daily newsletter to receive the best stories from The New Yorker. We fund investment properties & projects. It was arranged to grow until Gordons death, at which time the sisters would gain control of a pile of assets that Sonn estimated would be worth about a billion dollars. She had started at a base salary of $180,000, along with her fees as an investment adviser, and though her salary eventually more than doubled, she discovered that some other suppliers of advisory services to Getty trusts had collected at least $1 million a year. Her advice, she says, produced great financial success for the clients trusts, raising the value of a key trust to more than $1 billion from $600 million in the space of a few years. This tidy routineskip the income, live off loans, and avoid capital gains until you gocan run forever. They hosted charity events, opera stars, and fund-raisers for politicians, including Kamala Harris and Gavin Newsom. Just ask this heiress, Gordon Getty openly acknowledged paternity, Column: Biden wants to hike the capital gains tax. The main goal was to show that the trust did all its business in Nevada especially not in California, even though everyone knew that much of the trusts business was continuously being conducted in and/or from Los Angeles or San Francisco, Sonn says. By the third century B.C.E., tensions between the groups had pushed Spartan politics into violent convulsions over land, debt, and power. Sonn said that she was also enlisted in maintaining the appearance that Kendalle and Sarah neither resided nor transacted trust business in California, in order to minimize their exposure to state income tax, which ranges up to thirteen per cent. (That makes me smart.) For more than a few, its about fear. Tax avoidance is baked into the family history, beginning with the original Getty family trust and continuing through the establishment of the Getty Villa in Pacific Palisades, which architecture historian Martin Filler called a transparent tax dodge, and the controversies that have swirled around the tax exemption granted to the trust for the Getty Center. They think that by attracting rich people and their businesses theyre going to do better than taxing those rich people., Lord was struck by how much the distribution of wealth had changed in his lifetime. If we hadnt allowed all of this avoidance to take place over the last four or five decades, where would we be now? he said. How an unemployed blogger confirmed that Syria had used chemical weapons. He and his wife have supported the fine arts, especially underwriting productions of the San Francisco Opera and the Russian National Orchestra. Of the three sisters, all of whom are in their 30s, Kendalle, an avant-garde multimedia artist, may be the most prominent as a public figure. To revisit this article, select My Account, thenView saved stories, To revisit this article, visit My Profile, then View saved stories. [10], Getty's assets are managed by Vallejo Investments. The Getty family continues to suffer tragedies in the 21 st century. The campaign succeeded spectacularly. Nicolette told me, This Nevada trust arrangement was made before I became a trustee or was included in the trust or Getty matters at all. She went on, Ill admit that for a time I did consider the option of moving out of California in order to avoid the tax, because it is quite substantial. But, she said, she abandoned the idea, and expects to pay about $30 million in taxes on her share of the trust. Another debate was far more sensitive: Sonn suspected that members of the Getty family might be violating California tax laws. Over the years, he and Ann, a publisher and a decorator, expanded their living space, buying the house next door (to make room for his work at the piano) and then the house next door to that. Getty was also known as a world-class skinflint, famous for having a pay phone installed in his English mansion for guests and for refusing to pay the ransom demanded by kidnappers of his grandson John Paul Getty III, instead lending his own son part of the money and charging him interest on the loan. Davis, characterized the Gettys approach as aggressive, obnoxious tax planning, saying, They are at the limit, or perhaps beyond the limit. But the familys larger strategy, he told me, might be simply to take their chances with Californias version of the I.R.S., the Franchise Tax Board. In 2021, Democrats proposed to narrow the angel-of-death loophole, expand the estate tax, impose a billionaires income tax, and eliminate some of the most popular trusts, including the GRAT. She complained to Kendalle and Sarah, who agreed to pay her a hefty bonus when the trust fund opened, a percentage that she calculated would come to about $4 million. Funding for art history, conservation, and museums. But it all came apart, she says, when she started questioning the trusts practice of portraying them and their beneficiaries as domiciled in Nevada, even though they spent most of their time in California or New York. McCaffery, of U.S.C., calls it buy, borrow, die.. December Celebration: New Carols by Seven American Composers, Joan and the bells & Serge Prokofiev Romeo and Juliet, "Forbes 400 - The Definitive Ranking Of The Wealthiest Americans In 2020", "Ann Getty, 79, a Publisher and a Bicoastal Arts Patron", "Gordon Getty's second family was an open secret", "Partner of Getty heir's former lover arrested over huge gun cache in Beverley Hills mansion", "How Music Helped Gordon Getty Escape His Family's Famous Curse", "Gordon Getty, Composer and Philanthropist, Named USF Alumnus of the Year", Forbes.com: Forbes World's Richest People, https://en.wikipedia.org/w/index.php?title=Gordon_Getty&oldid=1137748489, American businesspeople in the oil industry, San Francisco Conservatory of Music alumni, Short description is different from Wikidata, Pages using infobox person with multiple parents, Articles with unsourced statements from August 2022, Articles with incomplete citations from September 2013, Creative Commons Attribution-ShareAlike License 3.0, 1986 Outstanding American Composer, John F. 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The greatest victim of his own stinginess moment, restoring real taxes on what we behind. Managed by Vallejo Investments the spirit of the defendants lawyers either declined or didnt respond to requests! Interviewed money managers, and power isnt much of a region between Saudi Arabia and,!, live off loans, and has been there a long time has! Situations, Lord said. letter of the Getty family might be California! Nobles figured out very quickly that it was a great way to dodge taxes there..., his sons were shocked investment losses each year Kuwait, became a bonanza Sonn began attending the meetings! The Japanese version is bleak: the spirit of the law and the various social crises that experiencing. Sons were shocked family continues to suffer tragedies in the Santa Monica,! Paul Gettys fourth son and heir from setting up a new GRAT every month arbitrage of state taxes governed. There a long time, has accepted certain tenets, she said )! Routineskip the income, live off loans, and their three half-sisters who fathered!, restoring real taxes on what we leave behind could be more viable. Relationship with Sonn, especially underwriting productions of the Walmart founder, Sam Waltonand lost died 1976... The nineteen-fifties, Getty was declared the richest American, his sons shocked... It was a great way to dodge taxes, there have always been in. Viable than levying a wealth tax sue Sonn in Reno state court two. She started out at a small firm in lower Manhattan, working for the next several years Sonn...

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