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Re:Tech Billionaires Hack Their Taxes with a Philanthropic L... by cm2187 on Sunday August 05, 2018 @02:19PM (#17692654)
Maybe I misunderstood, but isn’t the tax reduction for charitable donations effectively allowing you to donate based on pre-tax revenues as opposed to post tax. If you really donate these assets/income, you are still left with less money than if you hadn’t done the donation. So the tax deductibility isn’t really in question. What it is question is donating an asset of which you still enjoy the usage. Right?
Re:Tech Billionaires Hack Their Taxes with a Philanthropic L... by ghufran_syed on Sunday August 05, 2018 @02:40PM (#17692755)
But I think the only “usage” you can have is to choose where to donate it - and you can’t just donate it to your family or business associates , it has to be a registered charity subject to the usual rules.