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George Lucas's Jedi estate planning
Wall Street Journal, by Quentin Fottrell

Original Article

Posted By:rarebear, 11/1/2012 3:37:19 PM

Disney will buy LucasFilm for $4.05 billion in cash and stock, the two companies announced Tuesday. By cashing out now, experts say the filmmaker spared his family the need to pick up the pieces of his empire after he’s gone. It also allows him to focus his remaining years on his charitable endeavors – particularly Edutopia and the George Lucas Educational Foundation, which he founded in 1991.

Comments:
Ain't irony grand. Here we have a lib/prog/forward-leaner employing a little old fashion tax avoidance strategy by eliminating Uncle Sam's extra 10% that it would have gotten had Skywalker Sr. waited until after January 2013 to effect the sale to Disney. Why, he's acting just like one of those one-percenters. Go figger!

      


Post Reply  

Reply 1 - Posted by: kennedylaw, 11/1/2012 3:53:47 PM     (No. 8980384)

Taxes are for the little people.

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Reply 2 - Posted by: noproblems, 11/1/2012 3:54:14 PM     (No. 8980386)

could care less about his tax planning. hopefully we will get better movies going forward. the guy is an ego maniac. he actually said 0bama would be a good jedi.

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Reply 3 - Posted by: lefthanded_rightminded, 11/1/2012 3:54:47 PM     (No. 8980390)

Now, now, OP. It's different for liberal billionaires, because they're more caring and tolerant and they have more ribbon stickers on their Bentleys.

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Reply 4 - Posted by: yo-yo, 11/1/2012 4:22:24 PM     (No. 8980461)

The Death Tax is going back to 55%

I'm sure the estate of this piece of garbage will be writing a check for $2 billion.

Just like I'm sure John-john Kennedy's estate, which was supposedly worth $100 million when he died, cut a check to the Feds for $55 million.

/s

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Reply 5 - Posted by: Aindyin, 11/1/2012 4:44:46 PM     (No. 8980503)

Oh how cute another libtard avoiding the very taxes they push on everyone else. Ain't he the special one.

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Reply 6 - Posted by: mickturn, 11/1/2012 5:20:17 PM     (No. 8980579)

Lukie my boy, I have this wonderful idea that will serve mankind. We take all Libs money, repeat, ALL of it and create a slush fund for Conservative ideas!

Thanks for your support, we know the check is in the mail...if you've forgotten then we have your bank account numbers and we'll save you all that trouble.

Again, thanks!

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Reply 7 - Posted by: thelmalou, 11/1/2012 5:47:49 PM     (No. 8980634)

Yeah, whatever. It's worth it to get his miserable paws off the franchise. Disney could not possibly handle it any worse than he did. And PS - Han shot first.


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Reply 8 - Posted by: Udanja99, 11/1/2012 6:56:30 PM     (No. 8980748)

Didn't his messiah say that at some point you've made enough money? How many billions is enough for one of your pals/contributors, eh zippy? Wouldn't Lucas qualify as one of those fat cats that you're always raging against?

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Reply 9 - Posted by: Japanorama, 11/1/2012 10:26:20 PM     (No. 8981152)

Suckers.

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Reply 10 - Posted by: harper, 11/2/2012 1:25:50 AM     (No. 8981314)

BO would be a great Jedi. Or good, or abysmal or even execrable [my expectation] but let him try on the role.

He sux as a President and patriot.

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Wall Street Journal, by Quentin Fottrell    Original Article
Posted By: rarebear- 11/1/2012 3:37:19 PM     Post Reply
Disney will buy LucasFilm for $4.05 billion in cash and stock, the two companies announced Tuesday. By cashing out now, experts say the filmmaker spared his family the need to pick up the pieces of his empire after he’s gone. It also allows him to focus his remaining years on his charitable endeavors – particularly Edutopia and the George Lucas Educational Foundation, which he founded in 1991.



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