4 ms·
There's not much of a story here. He's making it a non-profit effectively, so he's not going to be personally getting income, and therefore no tax. That the f
by jollybean 4y ago
There's not much of a story here.
He's making it a non-profit effectively, so he's not going to be personally getting income, and therefore no tax.
That the family controls the non-profit is one thing, but they're not going to financially benefit from it in a significant way.
I mean, their airfare and hotels are going to be paid forever though ...
This is just taxes in a straight forward way: profit/income = tax, otherwise not. His kids aren't getting the assets, so no generational tax.
It's just straightforward as one should expect it to be for the most part.
- deleted 4y ago[deleted]