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Re:Jeff Bezos Commits $10B to Address Climate Change by loeg on Monday February 17, 2020 @04:40PM (#22351089)
Personal income tax deductions are additionally capped at 50% of income (and maybe 30% for unearned income? I forget the specifics). So if Bezos' income is $1/year, basically none of this would be deductible if it came from his personal fortune.

That said, I think GP is expressing skepticism that the total $10B figure comes from Bezos' personal fortune rather than being a spending plan for AMZN's business. The article doesn't exactly make this clear.

Re:Jeff Bezos Commits $10B to Address Climate Change by inerte on Monday February 17, 2020 @04:54PM (#22351196)
> That said, I think GP is expressing skepticism that the total $10B figure comes from Bezos' personal fortune rather than being a spending plan for AMZN's business. The article doesn't exactly make this clear.

Yep, more along these lines. Lots of people are latching on the "tax break" but I thought I made a larger point about where the $10b figure is coming from. That's part of my cynicism: Bezos gets to write a great headlines with big rounding number like $10b, but I wonder what kind of creative accounting will be applied here.

Re:Jeff Bezos Commits $10B to Address Climate Change by loeg on Monday February 17, 2020 @05:10PM (#22351332)
It's also quite possible it's not $10b upfront, but rather a non-binding commitment to contribute $10b over some number of years.
Re:Jeff Bezos Commits $10B to Address Climate Change by dantheman on Tuesday February 18, 2020 @04:02PM (#22360378)
I'd bet it will be over a number years -- it'd be next to impossible to spend 10b in year in any reasonably responsible way.
Re:Jeff Bezos Commits $10B to Address Climate Change by gok on Monday February 17, 2020 @08:36PM (#22352679)
Bezos can avoid that limit by donating his Amazon shares directly
Re:Jeff Bezos Commits $10B to Address Climate Change by loeg on Tuesday February 18, 2020 @12:05AM (#22353608)
No, he can't. That's exactly what the lower 30% limit is on — gifts of appreciated capital.

If he sold the shares first, he could claim up to the higher 50% limit. But he'd owe capital gains taxes on the sales, which is almost certainly more than the additional deduction.

Re:Jeff Bezos Commits $10B to Address Climate Change by gok on Tuesday February 18, 2020 @12:51AM (#22353795)
He can only deduct up to 30% of his AGI, but also by giving the shares to a foundation he does not realize any of those gains. So the entire donation effectively becomes tax free.
Re:Jeff Bezos Commits $10B to Address Climate Change by loeg on Tuesday February 18, 2020 @02:34PM (#22359484)
This isn't responsive to earlier comments in this thread and doesn't support (or retract) your earlier wrong statement.

You previously stated, "Bezos can avoid that limit," with "that" referring to either OP's or my statement about AGI deductibility limits, which is incorrect.

I think you might now be trying to make a statement about being able to claim capital gains as an AGI deduction without paying taxes on those capital gains? Which is true enough, but not responsive; it's just a fact that was never in dispute.