Tax Tyranny

Can you really, as you may have heard, avoid income taxes by placing your
assets in a “pure trust,” “equity trust” or “constitutional trust”? Unfortunately, the answer is “no.” In recent years, the IRS has repeatedly fought these in court and won rulings against the use of these as legitimate tax-planning vehicles. Now another tax reform advocate, who was involved in trusts, has fallen victim to the IRS’s enforcement machine.