Favorites - [businessinsider.com/how-ultra-wealthy-americans-u…](https://www.businessinsider.com/how-ultra-wealthy-americans-use-philanthropy-to-avoid-taxation-2021-10)... - kbin.life

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FuglyDuck , 8 months ago (edited 8 months ago)

businessinsider.com/how-ultra-wealthy-americans-u…

propublica.org/…/how-private-nonprofits-ultraweal…

bloomberg.com/…/rich-use-tax-loophole-to-get-dedu…

apnews.com/…/business-philanthropy-b8acb10f529ac2…

nytimes.com/…/donor-advised-funds-tech-tax.html

it’s the same reason why the Mormons operate one of the largest hedge funds in the US.

ETA: there are a lot of ways personal 501c corps are exploited by the ultra-wealthy. It’s the pinnacle of graft

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