Those were my thoughts. He is doing good with the ranch but coincidently this ranch might offer all kinds of tax advantages. This makes his motivations cloudy. The tax advantages?
Who owns the ranch? My guess is the charity does and gets some great tax breaks and that the charity is obligated to sell the ranch to Imus 10 years from now for one dollar. Or that Imus's son inherits the ranch via a one dollar sale when Imus dies
He is doing good with the ranch but coincidently this ranch might offer all kinds of tax advantages. This makes his motivations cloudy. The tax advantages?
So freaking what? Charitable contributions are tax deductible. Ever wonder why? To encourage people to donate to charities, that's why. Home mortgage interest is tax deductible. Why? To encourage home ownership.
Bill Gates caught hell because he didn't donate enough. Now Imus' motivations are 'cloudy' because 'this ranch might offer all kinds of tax advantages.' Geez, since government is such an efficient money manager, maybe we ought to send them all of our freaking money. /s