4 ms·
the question i had reading this when it came out, and now, is what they mean by "avoid" it seems the answer is, "avoid paying taxes that they would have owed i
by denlekke 4y ago
the question i had reading this when it came out, and now, is what they mean by "avoid"
it seems the answer is, "avoid paying taxes that they would have owed if they sold the company personally and kept all the proceeds as cash themselves"
the article is mostly critiquing rich people giving low taxed gifts to non profits while retaining control over what that money is used for vs an ostensibly independent board controlling it