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Dayton Acknowledges "My Trusts" in South Dakota - August 30, 2010

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Uploaded by on Sep 8, 2010

August 30, 2010 Press Conference

TRANSCRIPT:

Kessler: Are you avoiding higher taxes by having..
Dayton: Oh come on
Kessler: By having...well...
Dayton: No, no I'm not.
Kessler: Your trust set up in South Dakota to avoid taxes?
Dayton: My trusts or my trusts are my grandparents' trusts, I have no control over those trusts. My father has had up until now operated until he's 92 years old so he's passed that on to a family officer. I have no control over those trusts whatsoever. If my father continues this practice, the last one I saw, which was a summary of it, which was some time ago then I would be with my two sisters and my brother the four inheritors of that trust but that's at his discretion.

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  • Huh, I never realized the Dayton family was from South Dakota.

    Well, at least Mark's proposed tax increases on the "wealthiest Minnesotans" should have limited effect on his own personal, inherited wealth.

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