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Re:IRS records reveal how the wealthiest avoid income tax by cableshaft on Tuesday June 08, 2021 @08:49AM (#27434445)
Are they able to count contributions to organizations that lobby on issues that benefit their business, or to politicians (like a SuperPAC) that would vote favorable to them as charitable contributions? Because if that's the case that's kind of shitty. I honestly don't know though, just occurred to me that might be another way they're taking advantage of this.
Re:IRS records reveal how the wealthiest avoid income tax by alok-g on Tuesday June 08, 2021 @10:25AM (#27435602)
That's indeed a valid point, and I bet there would be instances of the same where the charitable contribution serves self-interests besides tax savings.