New Tax Shelter

It is no mystery; the wealthy are always trying to leverage different financial instruments to pay less in taxes.  A new company in Glencoe, IL just launched called “Insurance—No Bennies”. We had a chance to catch up with the CEO Samuel L Fooldyaall and he had this to say about his new tax shelter vehicle, “We offer leading insurance products in property & casualty as well as Excess & Surplus….the wealthy obtain these policies…the high premiums get paid….when claims are filed we never pay out….essentially, the customer is paying for insurance with no chance in hell of a payout for the claim….we make  a shit ton of money…..and they write off a loss due to a capital loss they can now account for……….we make money….they get tax write offs……it is a madness of money and write offs!”

Customer Larry Pressedpant had this to say, “I am too busy losing money and paying less taxes to complain and playing with my brothers Furby!”