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Crow one more post, one more example of stupidity


Crow one more post, one more example of stupidity   

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Author: TheCrow   Date: 10/18/2021 12:15:00 PM  +2/-0   Show Orig. Msg (this window) Or  In New Window

Despite my certainty that you're being intentionally obtuse:


Set up a charitable foundation, let's say the Trump Foundation. Contribute and write off your charitable contribution. Then take money out of the foundation for your own use.


Before all that, you need a tax accountant and a tax lawyer to advise you how, what and where you set up your charitable foundation and how, what and where you can use it for your own benefit. If nobody reports you or your foundation's records are opaque when audited, you'e home free.


Good tax accountants and tax lawyers aren't cheap. How do you think George Soros, Elon Musk, Carl Icahn and Michael Bloomberg do it? Good advice, careful structuring and discipline. Those aren't personal qualities of Donald Trump... well the careful structuring is admittedly something he does. But he never, ever takes advice- he considers himself the smartest guy in the room and he may be, but he doesn't know everything. And he has proven that he has no self-discipline, he wouldn't be a serial sexual attacker/rapist were that so.


I'm old enough to remember Dick Eberhardt's congressional service. He boasted that he had never written a tax bill to benefit any particular person. As an example of such bills, he cited a tax law that was written to benefit the single person coroporation that own a sailing yacht of such and such characteristics.


 
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