Bailey
07-11-2012, 07:02 AM
http://www.democraticunderground.com/1014163149
JDPriestly (32,156 posts)
17. A lot of philanthropy is about control.
The philanthropist says, "I'm going to give you money, but you have to use it the way I want you to." Anything to avoid paying taxes because tax money is used for public purposes, that is for purposes that the philanthropist can't dictate or get credit for. Of course, big foundations hire a lot of employees who make the decisions about the details, but the philanthropist determines the direction and gets lots of control and credit for it.
This is from someone who worked to raise money for a homeless project.
Dokkie (1,446 posts)
20. Remember, any cash he gives
away to his so called charity just means less money that will come into the govt as taxes and if he successfully gives it all away before he dies then very little amount he has to pay in estate tax. This is a tax evading scheme and some of us here are supporting it
I love how they think a wealthy mans money should be taxed the shit out of when he dies(i am no fan of Buffett) If the man wants to give every dime away to whatever cause he wants thats his bidness. I find nothing wrong what so ever about having a say on how your money is spent.
JDPriestly (32,156 posts)
17. A lot of philanthropy is about control.
The philanthropist says, "I'm going to give you money, but you have to use it the way I want you to." Anything to avoid paying taxes because tax money is used for public purposes, that is for purposes that the philanthropist can't dictate or get credit for. Of course, big foundations hire a lot of employees who make the decisions about the details, but the philanthropist determines the direction and gets lots of control and credit for it.
This is from someone who worked to raise money for a homeless project.
Dokkie (1,446 posts)
20. Remember, any cash he gives
away to his so called charity just means less money that will come into the govt as taxes and if he successfully gives it all away before he dies then very little amount he has to pay in estate tax. This is a tax evading scheme and some of us here are supporting it
I love how they think a wealthy mans money should be taxed the shit out of when he dies(i am no fan of Buffett) If the man wants to give every dime away to whatever cause he wants thats his bidness. I find nothing wrong what so ever about having a say on how your money is spent.