Mr Drysdale set up a dummy corporation for the Clampetts as a tax shelter for their oil millions

[MrScorpio]

The name of company was Clamco Inc.

Apparently, the marginal tax rate for individuals at the time was a whopping 77% versus 50% for corporations.

Now in this dummy corporation, the Clampetts were given positions as president, vice-president, secretary and treasurer.
But, there was no charter, no board, no stocks, and no staff. Pretty much a bunch of offices in the penthouse of the Commerce Bank of Beverly Hills.

The Clampetts had no idea what do, so they asked Mr Drysdale and Miss Hathaway to explain it to them.

After a highly complex description from Miss Hathaway, they were even more confused. Drysdale tried to simplify the purpose by telling Jed that the goal was basically to save money and invest his money in the economy.

The Clampetts decided to get money into the hands of the people DIRECTLY.... By throwing $27,000 out of the windows of the penthouse.

Of course, Drysdale had fit and eventually the dummy corporation was dissolved.

I think the Clampetts were lucky. Had the IRS got wind of that dummy corporation and conducted an audit, that whole crew would find themselves in the pokey and out of millions in fines.

That $27,000 saved them millions because Drydale's scheme would have screwed them all.

[WCGreen]

1. Mr. Drysdale is nothing but a capitalistic pig...

But in another twist, when Jane Hathaway went back to Pennsylvania to run for COngress.

Jed followed her there and made commercials implying she was a lesbian.

[woo me with science]

2. But.....she was, wasn't she? nt

[Bunny]

3. I think she was. But her district was (and still is) in the "-tucky" part of Pennsyltucky.

Being a lesbian in those parts would have been a pretty big negative.