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What's your point? You make it sound as if he's hypocritically passing off his action as an altruistic gesture. Bottom line is: it was a smart tax move. He c
by alanthonyc 17y ago
What's your point? You make it sound as if he's hypocritically passing off his action as an altruistic gesture.
Bottom line is: it was a smart tax move. He created a company worth a lot of money. He wanted to "donate to charity" as efficiently as possible.
What he did ended up benefiting his charity a lot more than if he had made a donation after selling the company first. The fact that he is sitting pretty doesn't change that fact.
- Retric 17y agoWhat's your point? I think several people on HN could end up benefiting from doing the same thing. Either because the numbers work out to their advantage, or because they are willing to make a small hit to stiff the tax man, or they just really want to help out some cause such as their school etc.