George Soros and Bezos have paid almost zero taxes

[ene1980]

Haha actually I don't Blame those people too, people Never see the story on the other side, it's true for the riches too, they too are arrogant sometime and don't respect the story of the poor, but yes it's true that corruption , politics are part of story of every rich, but just corruption cannot take you anywhere, if it was so easy everyone could get rich by bribing a government official. It's entirely the hard work ,smart work and fortune of a person which can make him rich.

Every billionaire who started from scratch had their struggles and no one cares about those and once they reach their days of riches after their hard work and dedication everyone seems to call them arrogant because they only see the money side of things while they are unaware of the struggles they went through before they became a billionaire, i am not sure about the taxes but how come they are not paying any tax which i think is not factual.

[beerlover]

I will give you something one better. Maybe you heard or maybe you haven't, Bill and Melinda gates is getting a "divorce". Now this may or may not surprise you, after all divorces are getting more common these days, nearly half of all American marriages end up in a divorce, that is just how it is these days.

However how did two people, who have been a couple for 27 years? Was it only just differences in opinion or they just do not love each other anymore? Maybe, maybe that played a big role, but you do not see a couple getting a divorce and living on the same house do you? That surely should make you wonder what happened.

Simple reason is, because Biden is increasing the tax rate on super wealthy, with two different accounts with two different finances, they are no longer a couple, which means they will save up to 6 freaking billion dollars by divorcing and living together, instead of staying married. Yes you heard it right, Bill and Melinda gates got a fake divorce just to save 6 billion dollars on taxes.

[Sithara007]

No, of course there is no evidence. People with low IQ just hate the rich because they themselves are not rich and they think the only reason someone could be rich then is because of corruption and not because they built a company that has become dominant in a major part of the economy. So they make up a lot of excuses and crazy conspiracy theories about why someone like Bill Gates could be rich while they are poor.  And the simple answer they don't want to believe is that instead of spending their time believing crazy nonsense, Bill Gates built a valuable company.

Typical Democrat response. Anyone who disagree with them is low IQ. All I am asking is that tax liability should be made equal for everyone. And in case of Bill Gates, you can defend him as much as you want. But in the history he will be recorded as the largest tax evader, after refusing to pay a tax bill of $20 billion.

In your case, in one of your post I saw you supporting income tax of 80%. But you are perfectly fine if Bill Gates pay $0 in tax. The reason - he built a valuable company. I am glad that now people get to know how these Democrat supporters think. The taxes should be paid by the middle class and the billionaires don't have to pay anything and they can evade taxes in the name of charity.

I am in favor of lowering the tax rate, and that can be done only if we remove all the exemptions that are being used by the billionaires to evade taxes. Democrats are not going to like this, because they are the biggest defenders of this group.

[oHnK]

Again a wrong Argument. I hope you understand activities known as Ancilliary activities. These are the activities done to achieve the primary goal of the institution and in every law around the world, these get the same status as that of the core activitiy.

OK.. so you don't have any issue, if these "ancilliary activities" are being used for tax evasion or bribing. The justification is that some of this money is being used for charity in Africa or other regions and therefore we should tolerate this.

See I am not a conspiracy theorist. Ancillary activities like confrence etc. Are perfectly fine but talking about bribery Is there any proof of that? Just a few conspiracy theorist article? If they have so much of proof why not drag him down to the courts? Power of masses has always been more than any business tycoon. If we are believing every conspiracy theory then illuminati are everything, what can us government do?

No, of course there is no evidence. People with low IQ just hate the rich because they themselves are not rich and they think the only reason someone could be rich then is because of corruption and not because they built a company that has become dominant in a major part of the economy. So they make up a lot of excuses and crazy conspiracy theories about why someone like Bill Gates could be rich while they are poor.  And the simple answer they don't want to believe is that instead of spending their time believing crazy nonsense, Bill Gates built a valuable company.

Indeed, it often happens, those with poor mentality think that everything in life is supported by a conspiracy.  No one gets rich without stealing and cheating but there are many better things to do than think that way.  However, this condition will continue to occur because even though the rich and the poor start from 0, the mentally rich will rack their brains to get their wealth while the poor will be busy mocking the hard work of others.

[Vishnu.Reang]

Indeed, it often happens, those with poor mentality think that everything in life is supported by a conspiracy.  No one gets rich without stealing and cheating but there are many better things to do than think that way.  However, this condition will continue to occur because even though the rich and the poor start from 0, the mentally rich will rack their brains to get their wealth while the poor will be busy mocking the hard work of others.

What sort of hard work is involved in tax evasion? You can't divert the discussion by mocking those who speak the truth. There is a reason why people are upset with billionaires such as Bill Gates and Bezos, and not that much with people like Elon Musk. The topic here is Bill Gates using the charity loophole, to avoid paying a tax bill of $20 billion. I would call this as tax evasion or tax avoidance. IMO, if Bill Gates want to spend his wealth on charity, then he is free to do so. But first, he need to pay tax as per the prevailing long term capital gains tax rate. Here he has paid $0 in tax, because he moved all his shares to a charity foundation. All sort of excuses are being given by his supporters. But none of them makes sense. There are a lot of billionaires out there, who became rich as a result of hard work. But not all of them do tax evasion like Bill Gates.

[TheGreatPython]

See I am not a conspiracy theorist. Ancillary activities like confrence etc. Are perfectly fine but talking about bribery Is there any proof of that? Just a few conspiracy theorist article? If they have so much of proof why not drag him down to the courts? Power of masses has always been more than any business tycoon. If we are believing every conspiracy theory then illuminati are everything, what can us government do?

No, of course there is no evidence. People with low IQ just hate the rich because they themselves are not rich and they think the only reason someone could be rich then is because of corruption and not because they built a company that has become dominant in a major part of the economy. So they make up a lot of excuses and crazy conspiracy theories about why someone like Bill Gates could be rich while they are poor.  And the simple answer they don't want to believe is that instead of spending their time believing crazy nonsense, Bill Gates built a valuable company.

Or maybe... hear me out on this, I know it is going to sound crazy to you... rich DO steal money? I mean you do not have to find some "secret Illuminati meeting where politicians and rich get together to murder a virgin" type of deal, it is all out in the open, it is not a secret. I don't know if you want to talk about any particular rich person, but since this topic says Bezos, let's go with him shall we?

I can list 10 other things about just Bezos, or we can talk about other rich people, but that is stealing money from both worker and public all at the same time. Getting rich in a proper way is fine, getting rich in amazon way should be illegal. There is nothing "secret" about this, it is all public info.

[doomloop]

I mean you do not have to find some "secret Illuminati meeting where politicians and rich get together to murder a virgin" type of deal, it is all out in the open, it is not a secret. I don't know if you want to talk about any particular rich person, but since this topic says Bezos, let's go with him shall we?

I can list 10 other things about just Bezos, or we can talk about other rich people, but that is stealing money from both worker and public all at the same time. Getting rich in a proper way is fine, getting rich in amazon way should be illegal. There is nothing "secret" about this, it is all public info.

Yeah, Amazon is a place that makes people work with minimum wage, give them so much work that people have to pee in bottles and even amazon themselves said people should not "go number two" in their cars, all because they are not given a proper break, and 28% of all amazon warehouse workers are so underpaid that they are getting welfare from government, not the full one (because they have a job) but the one that covers the difference to 40k (which is poverty in many states so I assumed 40k but could be different).

It means Jeff Bezos pays his workers so little that government ergo YOU (because governments money is the tax you paid) pay those workers the rest of the money they need to survive.

[beerlover]

Anyone who disagree with them is low IQ. All I am asking is that tax liability should be made equal for everyone. And in case of Bill Gates, you can defend him as much as you want. But in the history he will be recorded as the largest tax evader, after refusing to pay a tax bill of $20 billion.

In your case, in one of your post I saw you supporting income tax of 80%. But you are perfectly fine if Bill Gates pay $0 in tax. The reason - he built a valuable company. I am glad that now people get to know how these Democrat supporters think. The taxes should be paid by the middle class and the billionaires don't have to pay anything and they can evade taxes in the name of charity.

I am in favor of lowering the tax rate, and that can be done only if we remove all the exemptions that are being used by the billionaires to evade taxes. Democrats are not going to like this, because they are the biggest defenders of this group.

How? HOW? HOW is this a democrat reply? I mean it is the progressives like Bernie and AOC and many many alike that is trying to bring the rich to pay the tax while it is the republicans in congress and senate that helped them evade 2+ trillion dollars in taxes just few years ago, HOW is this a democrat thing? It is obvious that we are talking about something that is caused by republicans because they are allowing those corporate friends they have.

I could give you a billion examples how raising taxes for the wealthy and giving it back to poor people was suggested by democrats yet republicans declined, I can give you more examples but you know it. All these zero taxes things coming from republicans in power, if democrats were ahead in senate (and people like manchin didn't side with republicans all the time) we would see those rich people paying a ton more taxes.

[Sithara007]

How? HOW? HOW is this a democrat reply? I mean it is the progressives like Bernie and AOC and many many alike that is trying to bring the rich to pay the tax while it is the republicans in congress and senate that helped them evade 2+ trillion dollars in taxes just few years ago, HOW is this a democrat thing? It is obvious that we are talking about something that is caused by republicans because they are allowing those corporate friends they have.

I could give you a billion examples how raising taxes for the wealthy and giving it back to poor people was suggested by democrats yet republicans declined, I can give you more examples but you know it. All these zero taxes things coming from republicans in power, if democrats were ahead in senate (and people like manchin didn't side with republicans all the time) we would see those rich people paying a ton more taxes.

The so called "tax raises" for the wealthy doesn't affect these billionaires and it will impact only those in the upper middle class bracket. That is the reason why Republicans oppose these sort of crazy tax increases by the Democrats. If the billionaires need to be taxed properly, then the loopholes need to be eliminated. And the Democrats are in favor of more exemptions, so that billionaires such as Gates and Bezos can evade (avoid) taxes. Under the new tax plan from Biden, people like Bill Gates and Bezos will continue to pay almost nothing in taxes. On the other hand, the tax burden will double or triple, for those in the upper middle class bracket.

[AicecreaME]

https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax

In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes. Michael Bloomberg managed to do the same in recent years. Billionaire investor Carl Icahn did it twice. George Soros paid no federal income tax three years in a row.

I am forced to post this, because a lot of people have been brainwashed into thinking that the Democrats are in favor of higher taxes for the rich. Democrat heavyweights such as Michael Bloomberg and George Soros always argue in favor of higher income and capital gains taxes. But the truth is that the Democrats only want the middle class to pay taxes. Billionaires such as Soros and Bloomberg never pays a penny in taxes, because they never sell any of their assets. Instead, they take loans by mortgaging their assets. And yet, they are thick skinned enough to gloat in the public that the "rich" should pay more taxes.

This is the reality behind the new "American families plan" by Joe Biden. The additional $6 trillion burden will fall on the middle class, while the uber-rich will continue to pay near-zero taxes.

According to the research by ProPublica, the billionaires in the US saw their wealth increasing by $401 billion between 2014 and 2018. And they paid a total of $13.6 billion in income taxes during this period (which corresponds to a rate of 3.4%). An upper middle class family in high-tax states such as California and New York are required to pay close to 60% of their income as taxes, while these people are paying around 1/20th of that amount.

If people still believe in Biden and his stupid spending plans, then the future looks hopeless for the United States.

The overwhelming statistical evidences only proves the inefficiency of current market policies in bridging the gap between the developed and striving nations. Moreover, we have seen that income inequality is not only domestic but also international at the same time.

For me this situation is clearly an economic imperialism and this is the result of letting the market live on its own with less political interference or  regulations.

Poor people believe that rich people will be the ones that will be the most affected by the rule of "taxation" and all these taxes will be for their benefits, but based on some videos I watched, rich people have ways of controlling how much tax they will be paying by creating corporations which pays lower tax than an individual alone. Besides, some working poor and middle-class people, are also being taxed, because of the rule of law, which initially created to help them.

To address this issue, indeed the rules must be ammended locally and globally and this is the challenge knowing that every country has their own agenda.

[jaysabi]

The example of Bill Gates was given in one of the previous posts. He never paid a penny in tax, despite owning around $100 billion worth of MSFT shares. The shares were transferred to Bill & Melinda Gates Foundation, and that means that these shares will never be taxed (because the foundation is classified as a charitable trust). The case of Bill Gates is known to everyone because it was publicized a lot. Other billionaires keep such transactions as secret. Nowadays charity trusts are one of the loopholes used to avoid tax.

These are the loopholes used by the super-rich to avoid taxes:

That also means that if the shares were transferred without Bill Gates ever selling them, then they were never income and never subject to income tax.  And because they're now owned by a charity, Bill Gates doesn't have that as part of his personal wealth anymore.  So there's literally nothing wrong with the example you used yourself.

[teosanru]

No, of course there is no evidence. People with low IQ just hate the rich because they themselves are not rich and they think the only reason someone could be rich then is because of corruption and not because they built a company that has become dominant in a major part of the economy. So they make up a lot of excuses and crazy conspiracy theories about why someone like Bill Gates could be rich while they are poor.  And the simple answer they don't want to believe is that instead of spending their time believing crazy nonsense, Bill Gates built a valuable company.

Typical Democrat response. Anyone who disagree with them is low IQ. All I am asking is that tax liability should be made equal for everyone. And in case of Bill Gates, you can defend him as much as you want. But in the history he will be recorded as the largest tax evader, after refusing to pay a tax bill of $20 billion.

In your case, in one of your post I saw you supporting income tax of 80%. But you are perfectly fine if Bill Gates pay $0 in tax. The reason - he built a valuable company. I am glad that now people get to know how these Democrat supporters think. The taxes should be paid by the middle class and the billionaires don't have to pay anything and they can evade taxes in the name of charity.

I am in favor of lowering the tax rate, and that can be done only if we remove all the exemptions that are being used by the billionaires to evade taxes. Democrats are not going to like this, because they are the biggest defenders of this group.

See Sithara, Poltics aside but I think calling someone tax evader for the tax liability which never accrued on him is quite funny. Emotions and economics can never be mixed together. You might remember bill gates as a tax evader while lessons of this tax planning by bill gates will be taught to accountants all around the world because for them it's an exemplary piece of art.   All I am against are the conspiracy theories, it's an evident fact that Bill gates got away from a hefty tax bill, some would cribble about the fact for the rest of their life while others would do smart tax planning for themselves by learning from these folks. I am neither giving you a democrat approach nor a republican approach I am giving you a pure businessman approach which Bill Gates actually used.

Indeed, it often happens, those with poor mentality think that everything in life is supported by a conspiracy.  No one gets rich without stealing and cheating but there are many better things to do than think that way.  However, this condition will continue to occur because even though the rich and the poor start from 0, the mentally rich will rack their brains to get their wealth while the poor will be busy mocking the hard work of others.

What sort of hard work is involved in tax evasion? You can't divert the discussion by mocking those who speak the truth. There is a reason why people are upset with billionaires such as Bill Gates and Bezos, and not that much with people like Elon Musk. The topic here is Bill Gates using the charity loophole, to avoid paying a tax bill of $20 billion. I would call this as tax evasion or tax avoidance. IMO, if Bill Gates want to spend his wealth on charity, then he is free to do so. But first, he need to pay tax as per the prevailing long term capital gains tax rate. Here he has paid $0 in tax, because he moved all his shares to a charity foundation. All sort of excuses are being given by his supporters. But none of them makes sense. There are a lot of billionaires out there, who became rich as a result of hard work. But not all of them do tax evasion like Bill Gates.

Name just one such person with a concrete proof who never evaded taxes.

[Vishnu.Reang]

That also means that if the shares were transferred without Bill Gates ever selling them, then they were never income and never subject to income tax.  And because they're now owned by a charity, Bill Gates doesn't have that as part of his personal wealth anymore.  So there's literally nothing wrong with the example you used yourself.

I don't agree 100%. The ownership change is only nominal. Previously Bill Gates was owning these shares in his personal account (i.e direct ownership). Now he owns these shares indirectly. BMGF owns these shares and BMGF is under the control of Bill & Melinda Gates. The revenue from the sale of these shares are still being spent as per the preference of Bill Gates. If he hadn't moved them to BMGF, then these shares would have got taxed at the time of his death (he is 65 years old now).

[lixer]

The thing we are all talking about here is not even if they should pay taxes or not at this point, it is if it is normal for them to evade tax or not. I mean there is a group saying everyone would evade taxes when their taxes are in billions, while the other side is saying they wouldn't do that and it is not nice to do that.

However anyone, anyone with a grain of sand size brain would tell you that... of course they "should" pay more taxes, that helps the whole nation and why would you not want something that would help the whole nation? What would be the reason someone could come up and say "I do not want the nation to have 10 billion dollars more money from these rich people"? So the question is, are these tax bills enough? Or should we find another way to charge these companies?

We should probably charge them based on their revenue in order to just force them to calculate tax in there, and for regular people we should just tax based on their total net worth, that way we can charge less, but constantly charge it anyway.

[Sithara007]

The thing we are all talking about here is not even if they should pay taxes or not at this point, it is if it is normal for them to evade tax or not. I mean there is a group saying everyone would evade taxes when their taxes are in billions, while the other side is saying they wouldn't do that and it is not nice to do that.

However anyone, anyone with a grain of sand size brain would tell you that... of course they "should" pay more taxes, that helps the whole nation and why would you not want something that would help the whole nation? What would be the reason someone could come up and say "I do not want the nation to have 10 billion dollars more money from these rich people"? So the question is, are these tax bills enough? Or should we find another way to charge these companies?

We should probably charge them based on their revenue in order to just force them to calculate tax in there, and for regular people we should just tax based on their total net worth, that way we can charge less, but constantly charge it anyway.

I was just pointing out at the irony. An upper middle class individual is supposed to pay as much as 55% of his income as tax, if he is living in a high tax jurisdiction (even higher if he is residing in a city such as Portland). And then we have users who argue that people like billionaires like Gates don't need to pay tax, because he is using his money for charity in Africa and Asia. How charity in Africa is going to help the homeless people in the United States? Bill Gates is essentially playing Robinhood here. But the difference is that he is not stealing from the rich people. He is taking money away from the poorest in the United States and redistributing that money in other countries. If other billionaires also follow his example, then the US treasury will be empty in a matter of few years.

[beerlover]

The so called "tax raises" for the wealthy doesn't affect these billionaires and it will impact only those in the upper middle class bracket. That is the reason why Republicans oppose these sort of crazy tax increases by the Democrats. If the billionaires need to be taxed properly, then the loopholes need to be eliminated. And the Democrats are in favor of more exemptions, so that billionaires such as Gates and Bezos can evade (avoid) taxes. Under the new tax plan from Biden, people like Bill Gates and Bezos will continue to pay almost nothing in taxes. On the other hand, the tax burden will double or triple, for those in the upper middle class bracket.

It does not impact those who are in upper middle class, it only impacts the very wealthy, and if you really think that republicans are against it all because it doesn't impact the billionaires then you haven't paid attention to who donates to republicans and how republicans vote. Just to give a very very simple example, when trump gave people 1200 dollars to help with stimulus package all the democrats voted for it and people got it right away, when Biden did it all the republicans said it is bad for the economy.

If the republicans care about poverty so much, the minimum wage offer was 15 bucks, which is not even enough yet it was still declined by republicans. Same republicans went ahead with 2+ trillion dollar tax break to very wealthy companies that declined 15 bucks minimum wage. This WILL impact the billionaires believe it or not, republicans saying it won't is a big lie, let's do it and you will see how much it will impact, but nooo republicans can't do anything that will upset their donations.

[jaysabi]

No, of course there is no evidence. People with low IQ just hate the rich because they themselves are not rich and they think the only reason someone could be rich then is because of corruption and not because they built a company that has become dominant in a major part of the economy. So they make up a lot of excuses and crazy conspiracy theories about why someone like Bill Gates could be rich while they are poor.  And the simple answer they don't want to believe is that instead of spending their time believing crazy nonsense, Bill Gates built a valuable company.

Typical Democrat response. Anyone who disagree with them is low IQ. All I am asking is that tax liability should be made equal for everyone. And in case of Bill Gates, you can defend him as much as you want. But in the history he will be recorded as the largest tax evader, after refusing to pay a tax bill of $20 billion.

In your case, in one of your post I saw you supporting income tax of 80%. But you are perfectly fine if Bill Gates pay $0 in tax. The reason - he built a valuable company. I am glad that now people get to know how these Democrat supporters think. The taxes should be paid by the middle class and the billionaires don't have to pay anything and they can evade taxes in the name of charity.

I am in favor of lowering the tax rate, and that can be done only if we remove all the exemptions that are being used by the billionaires to evade taxes. Democrats are not going to like this, because they are the biggest defenders of this group.

Lol, I'm not a democrat, but I could see how you could make that mistake because some of my beliefs are liberal, but then democrats would accuse me of being a republican because some of my beliefs are libertarian.  Truth is I'm neither.

There's a couple things you're conflating though in my posts.  I'll try to simplify them.

1) I would support a much higher income tax on the top 1% of income earners.  The exact percent can be debated, but what you've probably seen from me before is noting that the top marginal rate used to be in the high 70 percent range not terribly long ago.  That's not the same thing as advocating for a top marginal rate of 70%.  Also, top marginal rate doesn't mean all your income is taxed at 70%.  If you don't understand this, you probably need to research how it works.

2) I would support a wealth tax on the top 1% of the wealthy to cut down on their ability to game the system by passing their estates on through tax loopholes or delaying or avoiding income realization for decades into the future.

3) Avoiding taxes by using the existing laws is not tax evasion.  If Bill Gates legally avoids taxes by exploiting the system as it was written, that's legal.  You do the same thing every time you take a tax deduction on your income taxes, so I'm not blaming anyone for using the law as it is written.  But see point two above about cutting down on the ability to do this.

Now see how these very clear points contrast very sharply with the strawman argument you built for me.  I'm all for lowering the tax rate, but not until the budget is balanced and we stop accumulating debt.  Closing the legal loopholes the rich use to avoid paying taxes will go a long way towards this.  (Also, if you do even the slightest bit of research, you'll find that republicans are the ones holding up tax reform and they are the party that created a slew of new tax loopholes for the wealthy just 3 years ago.)

[jaysabi]

That also means that if the shares were transferred without Bill Gates ever selling them, then they were never income and never subject to income tax.  And because they're now owned by a charity, Bill Gates doesn't have that as part of his personal wealth anymore.  So there's literally nothing wrong with the example you used yourself.

I don't agree 100%. The ownership change is only nominal. Previously Bill Gates was owning these shares in his personal account (i.e direct ownership). Now he owns these shares indirectly. BMGF owns these shares and BMGF is under the control of Bill & Melinda Gates. The revenue from the sale of these shares are still being spent as per the preference of Bill Gates. If he hadn't moved them to BMGF, then these shares would have got taxed at the time of his death (he is 65 years old now).

It's not a nominal change, it's a legal distinction.  Bill Gates does not own indirectly the shares after he donates them because he does not own the charity.  Controlling a the charity is not the same as ownership, and he cannot do whatever he wants with the shares as a principal of the charity because charities are regulated and have to fulfill a charitable mission to keep their tax-exempt status.  So it is 100% wrong to say that Bill Gates indirectly owns the shares or that he can do whatever he wants with them.  So we're back to Bill Gates never realizing any income from the shares, hence no reason for him ever to pay taxes on them.

[bittraffic]

That also means that if the shares were transferred without Bill Gates ever selling them, then they were never income and never subject to income tax.  And because they're now owned by a charity, Bill Gates doesn't have that as part of his personal wealth anymore.  So there's literally nothing wrong with the example you used yourself.

I don't agree 100%. The ownership change is only nominal. Previously Bill Gates was owning these shares in his personal account (i.e direct ownership). Now he owns these shares indirectly. BMGF owns these shares and BMGF is under the control of Bill & Melinda Gates. The revenue from the sale of these shares are still being spent as per the preference of Bill Gates. If he hadn't moved them to BMGF, then these shares would have got taxed at the time of his death (he is 65 years old now).

It's not a nominal change, it's a legal distinction.  Bill Gates does not own indirectly the shares after he donates them because he does not own the charity.  Controlling a the charity is not the same as ownership, and he cannot do whatever he wants with the shares as a principal of the charity because charities are regulated and have to fulfill a charitable mission to keep their tax-exempt status.  So it is 100% wrong to say that Bill Gates indirectly owns the shares or that he can do whatever he wants with them.  So we're back to Bill Gates never realizing any income from the shares, hence no reason for him ever to pay taxes on them.

It's shady no matter how it may sound because it only looks like they are looking for a way to avoid paying the tax. Foundation had been the way to be doing this by the big corporations. This is just for the press to show the people like they are giving back the achievement they got through the people, helping the cancer patients, the poor by the charity works but in reality, they are just as crooks as robbers. They could have just told the truth like Trump who actually admits to doing it at least we know he isn't a bad liar.

[oHnK]

It's shady no matter how it may sound because it only looks like they are looking for a way to avoid paying the tax. Foundation had been the way to be doing this by the big corporations. This is just for the press to show the people like they are giving back the achievement they got through the people, helping the cancer patients, the poor by the charity works but in reality, they are just as crooks as robbers. They could have just told the truth like Trump who actually admits to doing it at least we know he isn't a bad liar.

I also see the same thing, they are just doing everything they can to avoid being taxed by opening their own foundation.  By transferring the money they have to the foundation it will not be taxed.  This is what is often found in many countries, large companies with a view of caring for the environment open foundations to avoid their taxes. Cover their bad work by opening a foundation.  Isn't this a very interesting idea for companies to do on their tax deductions.