“It is now laundered.”
Posted on 07/13/2022 7:27:26 PM PDT by E. Pluribus Unum
“It is now laundered.”
Henry Ford II resigned from the Board of Trustees in a "surprise move" in December 1976, but his grandson Henry Ford III currently serves on the board:
(Channeling Red Buttons) I bet he could still get a dinner!
Is that like Hillary giving money to her own foundation? 🤪
So he cares more about the plight of poor Africans than he does about Americans? How many poor Africans bought his stuff, thereby making him a billionaire? It’s called “biting the hand that feeds you.” 🤬
"Uncle Remus, who said to Uncle Ben, 'You're a credit to your rice!'. Never got a dinner!"
No doubt he’ll squirrel away enough wealth to pay the maintenance and upkeep on his five mansions (ranging from 10,000 to 66,000 sq ft) and his two $40 million, 13-passenger Bombardier jets (sleazeball didn’t even buy American-made).
Ha!
Welcome to the party.
It is scary looking behind the curtain.
He will manage his agricultural empire and concentrate on the Great Reset. He’s not through with us yet.
Foundation
Globalist code word for tax shelter/money laudering
Giving your money to your self bill ?
Poser.
Even conservatives that set up foundations end up creating an organization that is eventually run by a bureaucracy that shares the beliefs of the inteligencia. For the last several decades that means liberals. The organization will continue to misallocate resources for many many years into the future.
Which, in turn will buy him everything he wants.
Tax scam is all, not generosity.
Any property placed into a residuary trust is subject to gift tax if during life or estate tax if at death. It does not avoid any taxes. Gates is avoiding taxes because he’s making donations to a 501(c)(3) charitable organization. He gets a charitable donation deduction for whatever he gives away. If he gave his entire $130 billion to the foundation he would pay no gift or estate taxes.
He’s basically taking money out of one pocket and putting it in another. I don’t give people that much credit for ‘giving away’ their fortune when they’re really keeping control of it. Or for giving away money after they die and can’t use it anyway. Or if they ‘give it away’ to accomplish some political goal they want to accomplish anyway. So maybe he screwed his kids out of their inheritance. So what, maybe he doesn’t like them. Not much of a sacrifice if you’re a psychopath. What would be more impressive is if he gave away his money in a fashion where he completely lost control over it well before he shuffles off into the great beyond. Or maybe give back the money to the people he cheated out of it so they can gain accolades on social media how wonderful they are.
Except he’s giving the money away. Sure,the feds don’t get any of it, but he doesn’t have it any longer.
this is a way to live like a billionaire but not pay income tax
“Except he’s giving the money away. Sure,the feds don’t get any of it, but he doesn’t have it any longer.”
The Foundation will always use the money better than the Feds.
Buy some bras first....
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