Re:Chuck Feeney Is Now Officially Broke
by wang_li on Tuesday September 15, 2020 @04:52PM
(#24486573)
> Likely it's a tax writeoff.
You can take $1 and pay the taxes on it and end up with $0.60. Or you can give away a dollar and not have to pay $0.40 in taxes. But you still gave away a dollar, so you're sixty cents in the hole.
You can take $1 and pay the taxes on it and end up with $0.60. Or you can give away a dollar and not have to pay $0.40 in taxes. But you still gave away a dollar, so you're sixty cents in the hole.