Blackstone Code
Chapter 540: Lynch Is a Jerk
âThe money will come from your charity foundationâŠâ đłđđđđđđđđ đđđ.đ°đ đŠ
Mr. Wadrick interjected, and Severella nodded in agreement.
Though only in her early twenties, Severella already controlled several types of fundsâa common situation among heirs at this level, each managing resources that outsiders can barely understand.
But this also causes problems. In families like theirs, each generation faces a unique challenge: the transfer of power and wealth.
When Mr. Wadrick grows old, he will pass his assets and authority to Severella. Transferring power is simpleâjust signing legal documentsâbut transferring wealth involves an unavoidable and troublesome issue: taxes.
Among the Federationâs taxes, inheritance tax is especially harsh. Some say only birth and death escape taxation, but thatâs wrongâboth require taxes, and often hefty ones.
Ordinary families usually donât struggle with inheritance tax, but for someone like Mr. Wadrick, it becomes a massive headache.
The Federationâs standard inheritance tax rate is 5%, which most families face. For example, if parents leave tens of thousands in assets, heirs pay a few thousand in taxes.
But for the ultra-rich like Wadrick, inheritance tax can be as high as 50%. Thatâs a terrifying sum.
Suppose Mr. Wadrick leaves Severella 10 million in assets, most of which isnât cash but real estate or company shares. To inherit, Severella must pay 5 million in cash taxes. If she canât, part of the inheritance is auctioned off to cover the tax, and she only receives what remains.
Sometimes, she might end up with less than 2 million, while the rest sits unwanted at auction.
Capitalists who worked their whole lives wouldnât accept giving half or more to the government after death.
So they team up with lawyers to exploit legal loopholes to avoid this unavoidable tax.
From offshore asset transfers to various trusts, there are many ways to dodge inheritance tax.
When Wadrick senses his time is short, he begins gradually moving assets through complex means into foundations under Severellaâs name.
These arenât âinheritancesâ but investment projects managed before his death, with some assets already separated. To reduce risks, the trusts holding most of Wadrickâs estate must show consistent losses.
Profits mean taxes; losses mean no taxes.
These losses mask asset transfers so as not to attract attention. When the transfers are nearly complete, the trusts declare bankruptcy and dissolve, quietly moving money from Wadrick to Severella.
The process is so complicated that even top tax experts struggle to track every detail. Until stricter laws appear, the wealthy will continue using this method to avoid taxes.
Eventually, Severella decides to donate 100,000 to help those in needâa truly kind-hearted girl.
As the butler appeared in the dining room, the cooks announced everything was ready. As soothing music playedâMr. Wadrick had a familiar band on callâthe chefs introduced the eveningâs dishes, ingredients, preparation, and placed the food before everyone. á±Ă ɎȱđĂÊ
âI thought this was just a family dinnerâŠâ Lynch laughed.
Wadrick said nothing, but his wife explained, âMy cooking isnât great. Since this is your first visit as Severellaâs boyfriend, we thought it should be special.â
Severellaâs face flushed instantly. Wadrick coughed lightly, and Lynch was somewhat surprised.
He had expected something simpler but clearly underestimated the situation.
After a few coughs, Wadrick regained composure. âMy daughter has never dated before. Thatâs my pride as a father but also my failing. Youâre her first boyfriend. I hope you bothâŠâ He traced his hairline with his right index finger to mask his expression, ââŠwhatever happens, donât hurt each other.â
âLove can be selfish, but it can also be forgiving.â
âMy dear, you say that so well!â
Ignoring the affectionate couple, Severella, sitting beside Lynch, felt awkward. âSorry, I didnât expect them to bring this upâŠâ She looked down but stole a glance at Lynch before lowering her head again.
She clearly felt some happiness. Previously, Lynchâs ambiguous rejection or half-agreement had left her upset for a long time.
It wasnât a clear rejection, but it wasnât acceptance either. Because of her unhappiness, Wadrick decided to give her something she wantedâsomething like love, even if it wasnât really love.
Unrequited love is painful; those who havenât felt it can never understand.
A faint smile curved Lynchâs lips as he shook his head. âYou know, Iâm really not the best choice.â
He knew who he was and didnât want to get too involved with Severella. If their relationship deepened, Wadrick would inevitably interfereâsetting rules, controlling actionsâall to keep her loyal.
That wasnât the life Lynch wanted. He refused to let others control his life, even if many would accept such constraints.
He looked at the silent girl and paused. âI have many girlfriends, some Iâve been intimate with, and maybe more in the future. Can you accept that?â
Severella finally looked up, her expression changing. âWhy would you say that? You know I like youâmaybe even more than thatâŠâ
Lynch waited nearly ten seconds, then easily broke through her defenses. âSee, you canât even say the word love. Maybe you donât really love me. Maybe I just fit your idea of a partner. But you know Iâm not the best choice.â
âListen, Severella, finding someone who truly loves you is far better than wasting time on me.â
âI mess with womenâs feelings, I sleep around, I donât even spare women with children. Maybe one day Iâll just toss them all onto a bedâŠâ
As Lynch spoke quietly, Severella suddenly stood up. âIâm not feeling well. I wonât eat dinner,â she said, then hurried away almost running.
Wadrickâs wife looked surprised. Severella rarely behaved so rudely. Both adults stared at Lynch.
It was Lynchâs whispered words that upset their precious daughter enough to leave in tears.
Wadrickâs gaze was sharp like a knife, but Lynch was thick-skinned and unfazed by such hostility.
âIs there something we should know?â Wadrick asked Lynch.
Lynch shrugged, unfolded his napkin, and spread it on his lap. âI just got dumped.â
Mr. Wadrick looked at Lynch and couldnât help but laugh, âYou really are a damn bastard!â
âYou too, sir!â
Wadrick sighed heavily, grabbing his wifeâs arm as she was about to leave. âLet her be alone for a while. She needs to learn to grow up through this.â
Then he turned to Lynch. âShould I thank you or curse you? Honestly, you couldâve ended thisâŠââhe struggled to find the right wordââmore tactfully, instead of how you did!â
Lynch shook his head. Draging it out would have been the worst choice; who knows what couldâve happened.
Seeing Lynch stay quiet, Wadrickâs curiosity grew. âWhat exactly did you say to make her give up such a foolish decision? Can you tell me?â
Lynch glanced at him and smiled. âI get the feeling youâre mocking me. Am I the foolish decision?â
âSorry, Iâm used to speaking frankly. Let me rephrase: what did you say that made her make the right choice?â Wadrick asked differently, but the meaning didnât change.
Lynch didnât bother arguing and replied with a smile, âI just told her Iâd just been with a mother who has a five-year-old kidâŠâ
Hearing his wife exclaim Oh my god and turn away, Wadrick knew Lynch wasnât wrongâhe really is one damn bastard!