Re:A letter to our daughter
by gnaritas on Wednesday December 02, 2015 @01:56AM
(#10661432)
> if he's really giving 99% of his wealth to charity
By "charity" he means himself, his own charity foundation. He's basically putting the money in another pocket and calling it charity. It's a tax avoidance scam. Cheaper to give away 10% a year in the guise of charity than actually pay the taxes you'd owe.
By "charity" he means himself, his own charity foundation. He's basically putting the money in another pocket and calling it charity. It's a tax avoidance scam. Cheaper to give away 10% a year in the guise of charity than actually pay the taxes you'd owe.