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Re:Companies and Billionaires by ChuckMcM on Monday September 19, 2016 @08:59PM (#12536125)
This is exactly right, you can shift it into another tax year but you can't legally avoid it. But everyone's tax situation is different.
Re:Companies and Billionaires by charlesdm on Tuesday September 20, 2016 @03:32AM (#12537802)
There are ways, e.g. by donating to your own accredited charitable foundation.
Re:Companies and Billionaires by icebraining on Tuesday September 20, 2016 @05:29AM (#12538196)
But then you can only use the money for certain purposes.
Re:Companies and Billionaires by charlesdm on Tuesday September 20, 2016 @05:34AM (#12538208)
Of course, you can't get rid of your entire tax bill (well, maybe you can, in one tax year). But you can probably do more with charities than you'd assume.

For example: let's say you buy a mansion. This mansion has a forest or large amounts of land surrounding it. A charity focusing on land or nature preservation could acquire that land.