George Soros Made His Fortune Deferring Taxes He Wants YOU to Pay

What is it with liberal hypocrisy? Are they immune from seeing it, or what? I mean, sure, conservatives regularly live lives contrary to their stated ideals, but they at least have the modicum of shame necessary to try to hide their duplicity. Liberals? It’s like they don’t even see it. Another case in point: George Soros is one of the most outspoken lobbyists for higher taxes for the rich. Yet Soros apparently amassed his prodigious fortune by deferring taxes. What?

While building a record as one of the world’s greatest investors, the 84-year-old billionaire used a loophole that allowed him to defer taxes on fees paid by clients and reinvest them in his fund, where they continued to grow tax-free. At the end of 2013, Soros—through Soros Fund Management—had amassed $13.3 billion through the use of deferrals, according to Irish regulatory filings by Soros.

Post Continues on lastresistance.com ...