“Well, this helps explain Buffett’s huge donations to the Bill & Melinda Gates Foundation. According to Francine McKenna, a CPA, the Gates Foundation is Warren Buffet’s personal tax laundromat. The donations for tax deductions reduce his future estate taxes. At the same time, the Foundation gets the donations on full market value basis. Thus, it can sell immediately with no tax, while Buffett gets the deductions. It should be noted that this maneuver is coming from a guy who regularly calls for ‘shared sacrifice’ and higher taxes on people earning more than $1 million.”
http://www.economicpolicyjournal.com/2013/07/accountant-bill-gates-foundation-is.html
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Switzerland Will Continue to Thrive and Outperform
Feds Crack Encrypted Drives, Arrest Child Porn Suspect
Grooveshark co-founder Josh Greenberg found dead at 28
Fraudulent Certificate for Google Domains Found After Mistake by Turkish CA
Blowback: How ISIS Was Created by the U.S. Invasion of Iraq
2 U.S. Supreme Court Justices – And Numerous Other Top Government Officials – Warn of Dictatorship
Private Prisons Currently Exempt from Freedom of Information Act
The definition of karma: PayPal president's credit card gets hacked
Russia: Hysteria around chemical attack suits those who want military intervention
Yemen: American Foreign Policy in Action
U.S. Banks Buy Gold Futures in Dramatic Position Change
Wisconsin asks hunters to watch for marijuana fields
Jeff Sessions Faces Tough Cannabis Questions—From His Own Interns
Is Virgin Galactic ready for powered flight?
California Town Hired Private Law Firm to Sue Citizens, Conceal Massive Costs