Re:How NYU’s Emergency Room Favors the Rich
by Retric on Saturday December 24, 2022 @10:47AM
(#34117872)
He donated 200M, the fair market value of priority treatment at a hospital for himself and family via a special phone number for decades could represent a significant fraction of that 200 Million.
Pulling numbers out of a hat, 200k/year * 5 people * 25 years is 25 million. Though the IRS could easily define the fair market value as whatever the minimum donation to receive this level of service.
Sure running the phone number isn’t that expensive, but fair market value of this service is limited by their ability to provide it. They would essentially need to auction off a fixed number of slots per year and in NYC that those slots wouldn’t run cheap.
Pulling numbers out of a hat, 200k/year * 5 people * 25 years is 25 million. Though the IRS could easily define the fair market value as whatever the minimum donation to receive this level of service.
Sure running the phone number isn’t that expensive, but fair market value of this service is limited by their ability to provide it. They would essentially need to auction off a fixed number of slots per year and in NYC that those slots wouldn’t run cheap.