4 ms·

High-profile lavish giving to charities without paying taxes on income is a guaranteed recipe for a bad time. In my mind, this person is simply choosing to be

• craftyguy 9y ago
  In the US, there's a limit to how much you can deduct in charitable donations from your tax obligation, and IIRC it's something like up to 20% of your taxable income. So unless PF has a taxable income > $56M * .2 (or whatever the actual amount is), they'd get very little tax benefit to making it rain this much. Assuming, of course, that they're in the US.