Word: discounter
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Dates: during 2000-2000
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Apart from the anger he would engender among religious conservatives - something he may be able to discount due to their lack of alternatives - it may be hard to shake off accusations of political expediency and hypocrisy. After all, the moral absolutism of the pro-life position is difficult to square with the cold-hearted strategizing involved in picking a partner with opposing views. Then again, Bush has been careful to keep a somewhat fuzzy definition of his pro-life position. So don't be surprised to find him reverting to the kind of language he adopted prior to being reelected...
...presumably move to Florida. But you can also elect to rent the house as long as you like. You must survive the original term, though, or the house gets thrown back into your estate. The advantage: when you set up the trust, it amounts to a gift at discounted value. A $1 million house in a 10-year QPRT counts only as $379,320 against your lifetime exclusion. The discount applies because heirs who receive the house don't get to use it for 10 years...
FAMILY LIMITED PARTNERSHIP This lets you give away assets at a discount, making your annual gifts or lifetime exclusion go further. A typical example would have you place shares of a family-owned business in the partnership and then give away shares of the partnership. But flps can hold any asset, including publicly traded shares. Just retain full control of the partnership with sole discretion over when to sell any assets held by the partnership. The irs then discounts the value of the assets in the partnership by up to 40%, as they are illiquid to the general partners...
...runways, though, LVMH behaves like a cost-conscious maker of discount goods. Arnault has reined in expenses and, wherever possible, combined the production of his swank brands to create manufacturing efficiencies. Guerlain and Dior perfumes share plants, for example, as do Loewe and Louis Vuitton leather goods...
...luxe quality for which those brands are renowned. The specter of overlicensing haunts the fashion industry today, just as it did in the 1970s, when designers Pierre Cardin and Yves Saint Laurent weren't paying attention to where their names appeared and let their logos turn up everywhere, from discount pharmacies to five-and-tens...