Section 5: Wines of the Valley

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Ye Mo woke up in the middle of the night, and then he couldn't sleep until the sky was hazy, and he felt that he had just fallen asleep, and there was a knock on the door again.

"Get up, we have to go to the tax office to confirm the tax you have to pay." Barrett's voice came from outside.

Ye Mo reluctantly got up, stretched his waist, and went over to open the door.

Inheritance tax in the United States means that when a U.S. citizen or permanent resident (including a green card holder) dies, his heirs are obligated to declare the total amount of the estate and pay the estate tax, regardless of where the estate is located on earth. In China, no one cares whether the inheritance tax is paid or not, and there are no compulsory measures. But in the U.S., you can't inherit without paying inheritance tax, and at some point the government will auction it off.

Barrett gave Ye Mo two choices, a choice rather than a suggestion. One is to apply for permanent residency in the U.S. and sign an immigration agreement. Because it is a cross-country inheritance, the advantage of this is that a considerable part of the tax can be exempted. Second, directly inheriting the ranch as a Chinese, after paying the inheritance tax, you must also pay personal income tax, which is more than 70% of the value of the ranch. It's just a slaughter, or a ruthless knife.

The United States is a country with a compound tax system, and the tax system is extremely complex, Barrett said a lot, and Ye Mo understood that the first way was to pay less taxes.

After all, it is tens of millions of inheritances, things are not so simple, after showing Citibank's asset appraisal of the valley ranch, the Federal Tax Service found other fixed asset appraisal agencies to re-evaluate the valley ranch......

Aside from a luxury ranch home, the only thing the ranch has to pay for is a limited-edition Aston Martin One77 in the garage. Another Ford Raptor pickup, three unnamed vintage cars, and a couple of ATVs are almost negligible for the vast legacy to be inherited. Beyond that, there are wineries and vineyards, and the land has been left unreposed, and under Barrett's operation, the price of the land is calculated according to the price of the wasteland......

In the end, the total value of Ye Mo's inheritance was 99 million US dollars, which was much higher than the previous assessment of Citibank.

According to the highest level of inheritance tax in the United States, Ye Mo has to pay almost 55 percent......

Barrett also brought in a team of lawyers. Old man Ding's inheritance is in the United States, but Old Man Ding himself is Chinese......

Later, the bargaining, which lasted for almost a month, was finally reduced to 48.25 percent. He was also exempted from a portion of his personal income tax, paying a total of $50.12 million......

Ye Mo also obtained American citizenship (permanent resident green card).

After paying Barrett and the negotiation lawyer team he hired for the labor fee of 670,000 US dollars, Ye Mo was left with one million US dollars, and he was distressed that he did not sleep peacefully for several days.

The United States is not as beautiful as it seems, with high death taxes and a myriad of taxes......

When the valley ranch was officially transferred to Ye Mo, Barrett's work was completed, so he said goodbye to Ye Mo and returned to New York.

Back at the ranch, he should have been relaxed, but the appearance of the tax collector in Monica Town made him feel bad again: "Mr. Ye Mo, congratulations on inheriting the valley ranch. I am here to inform you that, under state law, the wasteland owned by an individual should be exploited for a period of fifteen years. Otherwise, we have the right to repossess your land......"

Benjamin's words are at best a scare. What is the status of land as idle? This is a very interesting question......

Putting two sheep on the land, is this considered idle? Scattering a few grass seeds should not be idle!

Ye Mo knew the indignation in Benjamin's heart, smiled, and said, "Don't worry, I won't let the land of the valley ranch be idle like this, it will be developed on a large scale, and a large number of employees will be recruited at that time." Will Mr. Benjamin be satisfied with the priority given to the residents of Monica Township? ”

Benjamin, the tax collector in Monica's Township, is in the most remote part of Santa Barbara County.

The tax situation in the town is not ideal, I thought that there would be a large amount of income to improve the infrastructure of the town, but I don't know that the damn Federal Tax Office exempted him from most of the personal income tax that should be paid, and only more than 4 million fell to their town. This is also a large amount of taxes, but compared to the minimum 20 million personal income tax that Ye Mo should have paid, Benjamin couldn't be happier.

In addition to the yellow eel, there are 20,000 acres of high-quality land in the valley pasture, how did it become a wasteland, and how did they do it? Brain-Dead Federal Tax Service, Brain-Dead Asset Appraisal Company......

Benjamin cursed inwardly.

Wasteland, which means that Valley Ranch may not pay land taxes for the next 10 years, and will also be able to benefit from various Santa Barbara County benefits and tax exemptions. It also indicates that in the next few years, the town of Monica will lose its largest source of tax revenue, the land tax of the valley pastures.

Benjamin's greatest fear is that the current heir to the Valley Ranch continues to idle the land of the pasture.

Valley Ranch occupies more than three-fifths of Monica's land. After listening to Ye Mo's assurance, Benjamin was in a much better mood and said, "I hope so." Because of Old Man Ding, Monica Town has changed from a wealthy town to the poorest town in Santa Barbara County...... This is the responsibility of Old Man Ding, you are his successor, and it is your duty to revive the glory of the town. "Benjamin unconsciously used the honorific title 'you' to address Ye Mo, revealing that it tastes good.

Ye Mo pursed his lips, has Monica Town had a glorious period?

Back at home and reversing the pickup truck into the garage, Ye Mo looked at the Aston Martin one77 parked in the innermost part with straight eyes. This car may be the ultimate dream of many men, at least Ye Mo is like this, and he has fantasized about owning this car countless times......

I also thought about what I would do with this car. Drive to the school gate, next to the night market......

It's all some ** silk fantasies, and I experience the feeling of pretending to be forced.

Ye Mo stroked the car body, a demented smile appeared on the corner of his mouth, the recent encounter was really 'dreamlike'.

Finding the keys to Aston Martin's car, Ye Mo was about to be expelled for a ride, and went around outside, when Calvin drove his car over and honked his horn.

"What's the matter?" Ye Mo poked his head out and asked.

"Last year's wine is going to be bottled, so I'd like to talk to you about the auction after that." Kelvin said with a smile on his face.

"Auction ...... Our wines? Ye Mo got out of the car in surprise and asked. I had been busy settling down in the valley ranch before, and I still didn't know much about the ranch, so I wondered.

"Yes. Although our wine production is small, our valley wines are very well-known, especially in Santa Barbara County and Los Angeles. Valley wines are better known than Napa Valley's Deer Leap Cellars and Eagle Roar Winery wines, but they are too low. ”

"What? It's incredible. Ye Mo exclaimed.

Follow Kelvin to the winery, where all the employees who had been on vacation have returned to work, and are busy bottling the wine in oak barrels. The Cabernet Sauvignon that has been fermented in oak barrels for half a year is a translucent red color, especially when poured into a goblet and illuminated by light......

After greeting the staff, Kelvin briefly explained the vineyard and winery to Ye Mo.

The vineyard is only five acres, or thirty acres, and is mainly planted with Cabernet Sauvignon, Hilaz and Chardonnay. The most expensive of these is the Chardonnay fruit wine, which is mainly a peach-flavored wine, and the peaches are made from the Huaxi Valley. It was planted by Old Man Ding himself, and I don't know where he got the peach tree. According to Kelvin, peaches here are a rare variety, and they are not found in the United States or anywhere else, and they are large, sweet and sour, and ruddy in color......

Peaches are rich in nutrients, and the fruity wine made from mixing and matching it tastes pure, and has the ability to beautify and fight aging, and can also delay cardiovascular aging, which is very popular with the rich in Los Angeles.

Ye Mo couldn't help but smile, he finally knew why there were all potholes in the Kunlun Realm, they were all dug up by the old man. But why did Kelvin say those peaches tasted sweet and sour......

It's just pure sweetness, okay!

Cabernet Sauvignon and Shirazi are the richest and most evocative red wines that make them perfect for candlelit dinners, making them a magnet for high-end restaurants in Santa Barbara County.

Five acres of vineyards can make one to two hundred cases of wine a year, which is about a thousand bottles. Valley wines are scarce and expensive, and bottling time is often run out.