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Message
re: How pissed are the Hilton's?
Posted on 9/23/19 at 8:37 am to Sun God
Posted on 9/23/19 at 8:37 am to Sun God
quote:
By god you’re prickly
"Vote Republican just like everyone else out there. But no matter how expensive my cuff links are, I feel like I have the head of a jackass."
quote:
The remaining 3 percent of Hilton’s estate would still leave millions for his surviving family members, which includes eight children, 15 grandchildren — among whom are famed heiresses Paris Hilton and Nicky Hilton — and four great-grandchildren.
$100MM / 27 heirs = $3.7MM plus the aforementioned cushy jobs at the foundation.
0
Posted on 9/23/19 at 8:41 am to HubbaBubba
quote:
He willed $3.4 billion to charity leaving only $100M for the entirety of his family.
Seems odd that you would sit on that much net worth while living, if you were just going to turn around and give it all away to charity.
This post was edited on 9/23/19 at 8:43 am
Posted on 9/23/19 at 8:43 am to JG77056
quote:
I think he did. Instead of paying estate tax on 3.5 billion they’re paying tax on 100 million.
Let's do the math (in general for discussion purposes...there are other nuances).
40% of $3.5 Billion = $1.4 Billion in taxes.
Left over: $2.1 BILLION.
16.5% of $100 Million = $40 million in taxes.
Left over: $60 Million.
IDK about you but I'd take $2.1 Billion over $60 Million every time.
Posted on 9/23/19 at 8:45 am to BlackPawnMartyr
Sounds similar to what John D. Rockefeller did with his money. It was all going to "charity", however all of his descendants are loaded to this day while being professional philanthropists.
Posted on 9/23/19 at 8:52 am to BuckyCheese
quote:
Sounds similar to what John D. Rockefeller did with his money. It was all going to "charity", however all of his descendants are loaded to this day while being professional philanthropists.
Makes it seem like there is a lot more money and assets that they don't want the federal government and the public to know about. Hmmmmmmm...
Posted on 9/23/19 at 8:54 am to PipelineBaw
quote:
You look like a real jackass when you say things like this
What do you care?
Posted on 9/23/19 at 8:55 am to HubbaBubba
Good for him.
I wish my grandparents had “only” left my family $100 million.
I wish my grandparents had “only” left my family $100 million.
Posted on 9/23/19 at 9:01 am to Powerman
quote:Prob get some legit discounts at Hilton garden inn at least?
Guess they're going to be homeless now
Posted on 9/23/19 at 9:09 am to LanierSpots
quote:
Can a charity actually manage 3.4 billion dollars?
NPR... has McDonalds heiress money out the fricking arse and are left wing AF. They are the highest paid media and taking big time tax dollars to trash the man you put in office - but that’s another story
Posted on 9/23/19 at 4:51 pm to JG77056
quote:
The other 3.4 billion goes into a charity run by the family so they can still spend money and say it’s for the charity.
I'm going with the fact that the charity charter has some spending restrictions. Whereas billions of dollars after taxes, does not
Posted on 9/23/19 at 4:52 pm to JG77056
quote:
I think he did. Instead of paying estate tax on 3.5 billion they’re paying tax on 100 million. The other 3.4 billion goes into a charity run by the family so they can still spend money and say it’s for the charity.
Correct.
And I'm sure get fat salaries from the foundation.
Posted on 9/23/19 at 5:06 pm to GumboPot
quote:
Let's do the math (in general for discussion purposes...there are other nuances). 40% of $3.5 Billion = $1.4 Billion in taxes. Left over: $2.1 BILLION. 16.5% of $100 Million = $40 million in taxes. Left over: $60 Million. IDK about you but I'd take $2.1 Billion over $60 Million every time.
I see what you want to say, but dude...
Posted on 9/23/19 at 5:11 pm to HubbaBubba
To answer your original question, NOT VERY. He likely dispersed something close to 20B prior to death to avoid paying "frick me one last time" taxes of almost 10B. This thread should be renamed "How pissed is Uncle Sam?"
This post was edited on 9/23/19 at 7:19 pm
Posted on 9/23/19 at 5:14 pm to HubbaBubba
Posted on 9/23/19 at 5:33 pm to HubbaBubba
Steven Hilton, the CEO, is paid $575k/yr from the Foundation. I'm sure the rest of the family does very well too.
None of that changes the fact that most of this money will still be used for charitable purposes. It's a pretty noble thing to do.
None of that changes the fact that most of this money will still be used for charitable purposes. It's a pretty noble thing to do.
Posted on 9/23/19 at 5:33 pm to HubbaBubba
5 of the 9 board members of the Foundation are family members.
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