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Conspiracy theory bullshit rhetoric has no place on HN. Go back to Alex Jones.
by dailyvijeos 9y ago
Conspiracy theory bullshit rhetoric has no place on HN. Go back to Alex Jones.
- hkmurakami 9y agohttps://www.wsj.com/amp/articles/george-soros-transfers-18-billion-to-his-foundation-creating-an-instant-giant-1508252926 https://www.wsj.com/amp/articles/george-soros-transfers-18-b... Here is my source. WSJ is biased in general but their reporting of tax loopholes here is legitimate. Avoids accumulated capital gains tax on all transferred assets. $18B in gross assets.
- plcancel 9y agoThere is an interesting interview with Robert Reich on foundations and philanthropy here: http://www.econtalk.org/archives/2017/09/rob_reich_on_fo.html http://www.econtalk.org/archives/2017/09/rob_reich_on_fo.htm... Transcript at the bottom. Coincidentally, Reich offers anecdote regarding Soros and taxes at about 30 minutes into interview. However, I'm posting this for its general coverage of the topic. (edited to clarify)
- matt4077 9y agoIt's not a "tax loophole". A foundation certified to spend money for altruistic goals is exempt from taxes like any other non-profit. Soros has the same power to get his money back as you do when you write a cheque to Amnesty International, i. e. none. So yes, he's saving 50 cents in taxes for every $1 he gave to philanthropic causes. It's really nothing special or scandalous.
- sctb 9y agoPlease go read the guidelines and then start commenting civilly and substantively, or we'll ban the account. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html