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.
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.
buoyant69 1 year ago