Sunset the foundations.
Agree
Foundations, and other similar structures are Tax Shelters for the 1%,
They should pay their fair Share of taxes just like everybody else
One can contribute all you wish, but the contribution,
after some maximum, must be declared as taxable income
Say... ~$10,000
Or remove the Tax deductability of
ALL contributions to all non-profits
... Including... Ahem... Churches
ALL contributions to all foundations and the like
ALL contributions to politicians, and political parties
All contributions to Labor Unions
Adjust the tax schedule accordingly
I agree. End all tax-exempt foundations and 5013c’s.
Buffet, Gates, Soros, all billionaires that sheltered their enormous wealth. The same guys that want to social engineer society, use tax payers to fund their grand designs, and lecture tax payers constantly that they are not doing enough. All hypocrites.