The truth obscured by this calculated deception is the multiple taxation of capital in our tax system.

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This means that even the 15% capital gains and dividends tax rates on top of the corporate tax rate are unfair, economically counterproductive, multiple taxation.

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If tax rates on dividends and capital gains are raised, that will only lead more of the wealthy to flee to investing in his company to avoid the abusive multiple taxation.

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By this, I mean the tendency of politicians to impose multiple layers of taxation on income that is saved and invested.

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Lau says that many of her clients are beneficiaries of multiple trusts--usually dynasty or generation-skipping trusts, which protect even more principal from taxation.

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