Posted on 08/12/2016 12:17:33 PM PDT by Gamecock
Hillary Clinton and her husband Bill deducted $1,042,000 in charitable contributions last year — $1 million of which went to their own family non-profit, the Clinton Foundation.
Clinton released her tax forms on Friday in a move that is seen as a way to pressure Donald Trump to release his taxes. The GOP nominee has refused to release the records, saying that he is under a routine audit.
From left pocket to right pocket...
It would be so cool if I could make tax deductible donations to myself! Heck, why stop there. Maybe I could make them tax CREDITS.
The bulk of the Clinton Foundation’s charitable spending is centered in — Salaries, galas, and travel. In 2014, they spent nearly twice as much on travel as they did direct grants to support their “initiatives”.
Actually, when you think about it, they gave the Foundation $1M and Chelsea gets a $950K salary from the Foundation. So essentially, they got a deduction for their daughters salary, plus the Foundation got a deduction for the salary too.
“And the money kept rolllin’ in....”
If all your minions are being paid out of your “organization”, does donating to yourself after you claimed tax free status relieve you of the burden of having to pay payroll taxes?
I donate to myself all the time but like a sucker, have to pay taxes at every frikkin turn.
Well you can, just set up a crime family foundation along the lines of the CCFF. Unfortunately, about ten minutes after getting approval to do so, they would toss you in the can.
Well you can, just set up a crime family foundation along the lines of the CCFF. Unfortunately, about ten minutes after getting approval to do so, they would toss you in the can.
How do I get my trust set up as a “Tax deductible organization”?
So, in other words, they gave the money back to themselves.
Just ask the Haitians about their missing earthquake relief funds.
Money laundering.
Yup.
Technically the CCFF does not pay taxes so deductions are meaningless to a non taxable entity. This is the best money laundering scheme devised by anyone to date. Even the drug cartels haven’t come up with one as good, not even close.
Foundations are giant money laundering and organized crime operations. They should be illegal. Seriously, they are almost always used for fake jobs for rich kids, moving money around tax free and a lot of them even receive injections of cash from the government because they are ‘wonderful charitable organizations.’
Hey, they got a cholera epidemic out of the deal. So no one can say they got nothing from all those donations.
Haitians about their missing earthquake relief funds.
Missing? Hardly, the CCF knows exactly where those funds are and how they can best be used to support their life styles.
Recall how the Red Cross got lambasted after the 9/11 fund was found to be used for other purposes. The bosses over their got the equal of a rectal exam every day by the press and the TV media. Anyone one heard boo about the crime family misappropriation of dedicated funds?? Not a word except here and a few other blogs.
I’m gonna buy a chocolate bar today and donate it to a poor soul. Me.
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