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It's also a good way to give high paying jobs to friends, family or other people you want to give money to.
by maxxxxx 8y ago
It's also a good way to give high paying jobs to friends, family or other people you want to give money to.
- prostoalex 8y agoGetting a deduction on 20% capital gains tax and having a family member pay ~35% of income tax on it is not exactly a sustainable strategy for wealth transfer.
- maxxxxx 8y agoIt's not only about the money. The receiving person gets a prestigious job and the donor gets good PR for his/her charity.