“how is gifting considered “avoiding taxes”?”
“It is legally circumventing estate taxes.”
I guessing the point is that, the Obamas are strong supporters of dramatically increasing the estate tax, so for them to circumvent it in any way could be construed as hypocritical.
“I guessing the point is that, the Obamas are strong supporters of dramatically increasing the estate tax, so for them to circumvent it in any way could be construed as hypocritical.”
The Obamas are BS peddlers of the first order, and this gimmick (while legal) hardly makes him look like someone who feels he should contribute to the common pot.