Deeds and Deeds of Trust

[Michael Joseph]

Continuing...

Shalom,
MJ

[BAMAJiPS]

Thank you. Much obliged

[Keith Alan]

"people" vs "the People" vs. persons--distinctions worth minding? Re: law library time...there are formidable references (even entire books) available online:

books.google.com (one can select Free Google Books only if you want the free ones online)
http://archive.org/details/texts
http://www.mindserpent.com/American_...nce_index.html (enough here to keep you busy for a year or more maybe)

Dynamite links!

[Keith Alan]

Tax Checkpoints: Income, estate, and gift tax considerations should be kept in mind at all times when drafting an inter vivos trust instrument. The trustor may be subject to a gift tax on creation of an inter vivos trust. However, the trustor is generally not taxed on trust income and the trust property is ordinarily not considered part of the trustor's estate for tax purposes, unless the trustor has retain certain prescribed beneficial interests in or controls over the trust property. The trust is subject to taxation as a separate entity on income that it accumulates, but not as to income it distributes. The trustee is not subject to taxation on trust income but is responsible for tax reporting. The beneficiary is generally taxed on trust income as received. The usual consequences of trust creation and operation may be assured or changed for the better by proper drafting. (26) http://www.mindserpent.com/American_...ur/trusts.html

Lights starting flashing and bells ringing when I read the above. I'll need some time to formulate my thoughts, but I wanted it in the thread so I could refer to it easily.

Thanks

[shikamaru]

Tax Checkpoints: Income, estate, and gift tax considerations should be kept in mind at all times when drafting an inter vivos trust instrument. The trustor may be subject to a gift tax on creation of an inter vivos trust. However, the trustor is generally not taxed on trust income and the trust property is ordinarily not considered part of the trustor's estate for tax purposes, unless the trustor has retain certain prescribed beneficial interests in or controls over the trust property. The trust is subject to taxation as a separate entity on income that it accumulates, but not as to income it distributes. The trustee is not subject to taxation on trust income but is responsible for tax reporting. The beneficiary is generally taxed on trust income as received. The usual consequences of trust creation and operation may be assured or changed for the better by proper drafting. (26) http://www.mindserpent.com/American_...ur/trusts.html

Lights starting flashing and bells ringing when I read the above. I'll need some time to formulate my thoughts, but I wanted it in the thread so I could refer to it easily.

Thanks

Perhaps one of the purposes for estate and gift tax is for government to try to allay net asset disparities between different groups?
If this becomes too extreme, the society will collapse. A broken engine makes no money and has no benefits.

One of the reasons for Rome's collapse is that people just left the polity.
Sumeria and Babylon nearly collapsed several times due to people just up and abandoning their lands and debts.

[Keith Alan]

Perhaps one of the purposes for estate and gift tax is for government to try to allay net asset disparities between different groups?
If this becomes too extreme, the society will collapse. A broken engine makes no money and has no benefits.

One of the reasons for Rome's collapse is that people just left the polity.
Sumeria and Babylon nearly collapsed several times due to people just up and abandoning their lands and debts.

I think the purpose for taxation simply is domination, not dominion. Here (in trust kaw) we have an example of a mental model being created and thrust upon people without their knowledge, therefore without their consent. I'm speaking about trusts in general, not merely deeds of trust.

I became very excited when, upon reading the roles of various persons in a trust, I realized that one man can hold more than one office in a trust. That is something I knew beforehand, but it suddenly became crystal clear. I don't want to interrupt the flow of this thread, but I have to mention that we hold FRN's in trust. Redeeming them in lawful money changes the trust. I'm sorry for revisiting what is probably old news for you, but I'm having a moment of clarity.

Now then, if society collapses because certain groups of people holding positions of power within it are engaging in dishonest and self-aggrandizing behavior, so be it. Perhaps societal collapse could be avoided, but that would require more people to understand their role in the overall societal trust. How many take the time to do that? And how could they know they're understanding correctly?

The trust model is useful for those in power. In fact, it appears to be the engine of domination in society to me. When I discovered that all property vests in the state, supposedly for my benefit, I have to say I was a bit perturbed by that. The sovereign gathers taxes at all checkpoints in the trust, and for what? To assert dominion over people, not merely things. That is radically evil in my estimation.

[BAMAJiPS]

WOW! That Archives.org is simply amazing!!