More Money Than He Knows What To Do With
By Mitch Berg
Mark Dayton is to money like John McCain was to houses:
Luke Hellier explains Dayton’s South Dakota trusts – which save him a ton in taxes – and asks some questions:
- In your “Deficit Solution” plan (item #3), you criticize snowbirds who maintain residences outside of Minnesota for six months and a day to avoid certain taxes, but why is it okay that your trust funds maintain residence outside of Minnesota 12 months a year?
- Have you ever asked your family members or the executor of your South Dakota trust funds to move these trusts to Minnesota? If not, why not?
- Have you ever asked your family members or the executor of your South Dakota trust funds whether you can divest? If not, why not?
- Will you ask for the release of the tax returns for your South Dakota trust funds?
- What tax benefits do you derive from your South Dakota trusts in comparison with the tax liability you would have were they in Minnesota?
- How much in Minnesota taxes have you avoided paying the state in your lifetime because of these arrangements? If you cannot answer this question, would you be willing to allow an independent referee to calculate it before Election Day?
- Can you explain your holdings in the well-known tax havens of the Cayman Islands and the British Virgin Islands that are listed on your Senate Financial Disclosure reports?
- Would you be willing to gift to the state of Minnesota all monies you would have been required to pay had your trusts been established in Minnesota?
I’m picturing a Scrooge McDuck kind of vibe here:






September 9th, 2010 at 9:12 am
Mark Dayton a hypocrite? I’m shocked! Shocked, I tell you! Round up the usual suspects.
September 9th, 2010 at 10:25 am
Question 9: Since you and your family where able to move your money away from MN tax collectors. How are you going to prevent the smart high wage earners from doing the same to avoid the MN tax collector.
Across the country where taxes are increased on the high wage earners the number of high wage earners drops significantly everytime.
September 9th, 2010 at 11:04 am
“Across the country where taxes are increased on the high wage earners the number of high wage earners drops significantly everytime.”
That’s it dave! I believe they call it voting with their feet.
September 9th, 2010 at 11:15 am
Precisely why I’m moving my large savings account of $10,000 to the Cayman Islands! I’m going to take it there in small bills to avoid suspicion! 😉
September 9th, 2010 at 8:59 pm
For God’s sake, just don’t call him a billionaire or Charlie will get the vapors.