Posted on 07/13/2022 7:27:26 PM PDT by E. Pluribus Unum
Yuge tax dodge...
********
Yep and most anyone else would do the same if they were in the
same situation and able to do so. Most people look out for family
first and other things are layered out as they see fit. JMO
I just remember that Jackie O’s estate was in a charitable remainder trust where the estate grew tax free and the kids got the return on the tax free growth with what was an equivalent to taxing the estate at 3 to 5 percent. Pretty much nothing.
“I have an obligation to return my resources to society in ways that have the greatest impact for increasing suffering and reducing lives Gates added on Twitter.
Why doesn’t he just die now? That would be the greatest gift of all to the world.
Thanks for the link. Oddly, I never heard of Chuck Feeney before.
This is crap. By transferring it to a foundation, probably no longer taxed. It’s not like he’s not going to have access or control of the moneys, and I’m quite sure the ‘foundation’ will support him in the lifestyle to which he’s become accustomed. He’s just another scammer. Most of these ‘foundations’ are nothing but scams.
Bullsheet!!!!
They should be taxed exactly like any other business. That will never happen though, because politicians use this 'foundation' scam. The rich always protect their wealth, while taxing the living crap out of the middle class, and the marginally 'rich'.
Yeah they ALL SCREAM about paying your fair share, carbon footprints, rising oceans YET hide their money in tax free foundations, fly around in private jets, AND have mansions SURROUNDED by the ocean these people MAKE ME SICK!! What makes me even MORE SICK are Americans who refuse to SEE the hypocrisy of ALL OF THEM!!!
Until he actually does it it’s called virtue signaling. I’m sure he plans on leaving all his money to his foundation after he dies
The foundation is just a way of dodging taxes.
He still has control over his money.
Who has control of this “Foundation”?
Why it is Bill Gates and family!
Tax free too!
Yup, this is nothing but a tax dodge. Laws are written so the wealthy can drive train loads of money through them, dump it in foundations, and pay themselves and their families in perpetuity.
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