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The "tax free" way costs them 5 times as much. It's cheaper to pay 20% tax than to give away 100%. This is title is designed to feed a narrative to people that
by SideQuark 4y ago
The "tax free" way costs them 5 times as much. It's cheaper to pay 20% tax than to give away 100%.
This is title is designed to feed a narrative to people that don't understand taxes.
Also, how is giving away 3 billion going to avoid "billions in taxes"? No place on the planet has that kid of tax rate. Even the article makes this clear, past the inflammatory headline.
How about the article title: Patagonia founder gives donates fortune to fight climate change?
Because it doesn't generate outrage like implying somehow they took money that would somehow magically be yours.