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I once heard the word "Charitable Remainder Trust" - it was by a guy who wanted to make sure his money could never be taken from him... http://www.investorword

• ryanwaggoner 17y ago
  There's absolutely nothing charitable about paying taxes.
  • auston 17y ago
    Sorry - my point was that the title connotes he's already completed some charitable action, when, in actuality, he's just taken steps to preserve his wealth until he passes - at which point a charitable action will be taken (on his behalf). edit: no one here likes the truth, I guess.
    • gvb 17y ago
      IOW, he's paying Tuesday for a hamburger he is enjoying today. http://en.wikipedia.org/wiki/J._Wellington_Wimpy http://en.wikipedia.org/wiki/J._Wellington_Wimpy (Posted as humor, not a cheap dig. If you down-vote me, do it for the cheap humor.)
    • shaddi 17y ago
      He does say explicitly that he's not being altruistic. My take is that this is a tip for startup owners who are planning to give some of their wealth to charitable causes after their death. He suggests a way to do this (financial hack, if you will) that improves the efficiency of the operation, maximizing both the money that goes to the charitable cause and to the donor. Regarding the payout, see http://news.ycombinator.com/item?id=976759 http://news.ycombinator.com/item?id=976759.