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I don't think you can just give money to someone and call it charity. Otherwise you could just give money to your children, skip inheritance tax, and get a yumm
by Gimpei 5y ago
I don't think you can just give money to someone and call it charity. Otherwise you could just give money to your children, skip inheritance tax, and get a yummy write-off. Karp probably had to pay a hefty gift tax on top of the 180K, which for him would be a rounding error.