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Every time there is an act of philanthropy there are multiple articles "exposing" the fact that the philanthropist won't also be paying taxes on the wealth he o
by NoboruWataya 4y ago
Every time there is an act of philanthropy there are multiple articles "exposing" the fact that the philanthropist won't also be paying taxes on the wealth he or she has given away. These articles are pointless at best and misinformation at worst. Lazy journalism.
The headline, for example, strongly suggests that this is just some kind of cynical play by Chouinard to lower his tax bill. I am sure that, from a personal wealth perspective, he would still be much better off had he kept his $3 billion in Patagonia stock and paid whatever taxes he might have avoided here.