@vincentchanco: When billionaires like Jeff Bezos and Mark Zuckerberg, despite donating large sums to charity, often still retain control of the money they give away. For example, when Mark Zuckerberg pledged to donate 99% of his Facebook shares, they were placed in an LLC he owns, allowing him to use the funds for various purposes, including supporting his own businesses or political interests. This setup also provides tax advantages, making it a strategic move for them.

Vincent Chan
Vincent Chan
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Region: US
Sunday 24 September 2023 20:14:39 GMT
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mjmakh
MJ :
it's not a coincidence that they all started to have charities,
2023-09-25 04:54:22
4070
gm123456_
GM123456 :
loopholes made by rich and used by rich. the whole system is rotten.
2023-09-25 21:41:06
1495
technicalpause2
Schmebulock :
Is there an ethical way to become A billionaire in one's lifetime?
2023-09-26 07:22:00
308
notvladimir
Not Vladimir :
We all know that 😂😂😂 same thing with buying “art”.
2023-09-25 09:54:21
587
user36474159
S G :
Sad part is most of Americans don’t understand this lol
2023-09-25 12:03:58
361
reminis.sg
Rem.i'nis :
I need money to make money
2024-08-09 11:23:17
0
stephendavidruffles
Stephendavid Ruffles :
It's called a tax dodge
2023-09-30 01:24:03
0
english.with.mateusz
english.with.mateusz :
Not surprised at all 😅
2023-09-25 08:27:49
141
thetvguy3
thetcguy3 :
do the charities not receive the money
2023-09-25 09:51:22
130
rid5455
rid :
It makes sense but, i remember elon musk donated to teamtrees, and that was real
2023-09-28 22:43:06
1
nicetrykimo
Nicetrykimo@Twitch :
oh my god! you blew my mind!! call the morgue please I can't anymore!
2023-09-25 21:16:45
0
davidso83
David So :
I thought there is a rule that 70% of donated funds need to be spent on charity goal and 10% of asset is required to be spent yea to maintain status.
2023-09-27 01:58:10
0
spamsforgennyy
Genesis🫧🧚‍♀️ :
That is greedy and sad
2024-12-09 08:44:14
0
mr3b_jorge
Jorge Mr.3B :
Interesting
2024-10-25 20:49:57
0
tonitone1976
Toné :
As Farakhan put it ‘i’m living in it (the most currupt nation in the world)’
2023-10-01 17:17:17
0
superkitten01
SuperKitten Life Hacks :
OMG Im absolutely dumbfiunded that everyone didn't know a way to reduce your taxable income is to donate to a charity. don't people learn that from just dropping stuff off at Goodwill? you always get the receipt so you can claim it on your taxes.
2025-06-19 06:34:55
0
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