“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
Related posts:
Teacher arrested for bringing up admin salary at school board meeting
Conspiracy Theory Goes Mainstream With Wall Street's Mark Gorton
Israeli police head to US to aid in Boston Marathon bombing investigation
US Infrastructure's Disastrous Solution
Elon Musk Wins Suit Against Boeing Venture, On Basis Of Russia Sanctions
Stolen Air Force drone manuals available for $200 on the dark web
Authors, composers want 3.4% of every Belgian’s Internet bill
Feds Seize Silk Road 2 in Major Dark Web Drug Bust
18 Signs That Global Financial Markets Are Entering A Horrifying Death Spiral
ASICMiner Stock Price Rises From 0.1 To Over 2 Bitcoins Per Share
Yes, Gun Control is Racist
Bill Bonner: How Do You Destroy a Business?
Armed Antifa Prof Admits Chasing Charlottesville Driver Before Deadly Crash
Fake Windows Painted on Qingdao Residential Complex Buildings
Why License Plates Exist