Or. Maybe, just maybe, he used it to avoid paying taxes like other billionaires do.
https://www.nytimes.com/2018/08/03/business/donor-advised-fu...
Re:Twitter’s mass layoffs have begun
by zeroonetwothree on Friday November 04, 2022 @11:36AM
(#33468462)
This article is about DAFs. Is there evidence that's what Musk is doing?
Re:Twitter’s mass layoffs have begun
by s1artibartfast on Friday November 04, 2022 @12:46PM
(#33469706)
It is pure speculation
Re:Twitter’s mass layoffs have begun
by s1artibartfast on Friday November 04, 2022 @12:47PM
(#33469735)
What problem do you have specifically with donor advised funds?
that was for tax reasons.
Re:Twitter’s mass layoffs have begun
by s1artibartfast on Friday November 04, 2022 @10:52AM
(#33467714)
You can't net money by donating to charity. This is a fundamental misunderstanding of what a tax deduction is.
No one said you could. That doesn’t mean it’s not still financially beneficial.
How can it be financially beneficial if you lose money doing it?
And yet there's reason to believe that that the unloading of those 10% of Tesla shares was to cover a looming $15 billion tax bill. And he would have done so anyway.
https://www.cnbc.com/2021/11/07/elon-musk-faces-a-15-billion...
That not withstanding though, what genuine act of philanthropy requires conducting a Twitter poll to ask strangers if you should donate to charity?
After the Twitter poll for offloading 10% of his stake.