HEY, THEY HAVE PAVED THE WAY. WHAT STOPS ANYONE FROM ESTABLISHING A “FOUNDATION” AND PUT YOUR PAYCHECK DIRECTLY INTO IT 100%, TAKE 10% AND GIVE IT TO YOUR FAV CHARITY, TAKE EXPENSES AND THEN PAY YOUR SELF A SALARY...??? ANY TAX EXPERTS OUT THERE?
then later you can say well i forgot to file a correct tax return for the last 5-10 years or so and oh i forgot to include all my revenues..... and the IRS will say BLESS YOU MY SON ALL IS FORGIVEN, JUST DO IT, IF AND WHEN YOU GET AROUND TO IT...ISNOT THAT HOW IT WORKS,,,,, IF YOUR A CLINTOON
Yep, all is forgiven if you are a Clinton.
Anyone wonder why Al Sharpton is not in legal trouble or having any legal sanctions over his millions of unpaid taxes? Same principle involved. Friends in high places and being prominent yourself puts you above the law.
It is the “expenses” in the foundation that are the potential tax dodge.
First class flights and rooms in a resort for the periodic board meetings - paid by the foundation, for example.