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Right. You can also create a charity, which you run, and donate millions of dollars to it, and write that off against your taxes as a charitable donation. Th
by cduzz 4y ago
Right. You can also create a charity, which you run, and donate millions of dollars to it, and write that off against your taxes as a charitable donation.
Then, because you run that charity, you can still spend the money (mostly) as you please.
- amluto 4y agoExactly. But the point here is this is only available to people who wish to donate more than about $13k per year.