The role of trusts in taxing the rich
研究了信托在富裕家庭财务、遗产和税务规划中的作用，发现美国纳税人通过信托获得的税收节省相当有限，主要用途是促进代际转移，且信托限制可能有助于维持高财富水平，为政府向富人征税创造机会。
Abstract Trusts play important roles in the financial, estate, and tax plans of wealthy families. Evidence from US taxpayers indicates that the tax savings that they obtain from using trusts are rather modest, with one of the major tax benefits providing aggregate savings equal to just 0.05 per cent of the annual income of the top 0.01 per cent of US taxpayers. Trusts are primarily used to facilitate intergenerational and other transfers. Restrictions imposed by trusts can have the effect of preserving high levels of wealth and income, creating greater opportunities for governments to tax the rich.