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In the US, the federal government heavily subsidizes rich people’s charitable contributions. https://www.irs.gov/charities-non-profits/charitable-organizations/
by jacobolus 8y ago
In the US, the federal government heavily subsidizes rich people’s charitable contributions. https://www.irs.gov/charities-non-profits/charitable-organizations/charitable-contribution-deductions https://www.irs.gov/charities-non-profits/charitable-organiz...
Even when completely legal, rich Americans use charities as a means to avoid taxes while still using their money to influence policy or pursue other agendas. But there are also a plethora of charity-related tax evasion, money laundering, and fraud schemes.
The Trump Foundation is a good recent example of how criminal schemes tied to charitable organizations (like white collar crime more generally) go largely uninvestigated and unpunished in the USA. The brazen repeated crimes were only noticed because the chairman/founder became President and started attracting scrutiny from the media.