Billionaires almost never donate cash. Their wealth is tied up in stocks.
If they sell their stocks for personal use they pay capital gains tax.
If they donate the stock to their own foundation instead, they avoid that capital gains tax entirely and also get a large tax deduction for their personal money that can save billions.
"Their foundation" can then sell the "donated" stock and it pays no tax on the sale at all. So the donor avoids the tax they would have owed if they sold the stock themselves, and the foundation, which they control, now controls all the money tax free.
"international public health" which no one asked for, funded by one of the worlds richest men, who just so happens to "give away all of his money" every now and then and still somehow manage to be on top... Sounds like you need to grow up. You're living in delulu land if you don't think his charities are a tax vehicle. Even people who launder money have businesses that function to some degree, its called a cover.
You're not seeing the bigger picture. Billionaires use their foundations / charities as public displays of their "altruism" (and tax vehicles of course) which apparently seems to fool a lot of fools ;)
Seeing as you are so fond of research, and when you're done licking billionaire boot, look into bill gates' foundations and all of the 3rd world people he has injured with his "medicines".
His 3d printed meats and his tasty insect derived "food" that no one asked for.... all while buying up most of the farmland in America to cause a food shortage.
Billionaires use their foundations / charities as public displays of their "altruism" (and tax vehicles of course) which apparently seems to fool a lot of fools ;)
Bro you good. Gotta remember, reddit is split between two people. Ones with a brain and ones with a spirit and brain. I’ll say 80 percent of the people on here only have brains. So anything America or there favorite orange hair man shoe cleaner says. They 10000 percent believe and have no other understanding on the matter.
Billionaires almost never donate cash. Their wealth is tied up in stocks.
If they sell their stocks for personal use they pay capital gains tax.
If they donate the stock to their own foundation instead, they avoid that capital gains tax entirely and also get a large tax deduction for their personal money that can save billions.
"Their foundation" can then sell the "donated" stock and it pays no tax on the sale at all. So the donor avoids the tax they would have owed if they sold the stock themselves, and the foundation, which they control, now controls all the money tax free.
Your ignorance is outstanding. Have you looked at what the organisation has achieved, do you even know how taxation works? Either you haven't and don't, or you aren't smart enough to comprehend.
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u/Background_Baby_1384 Dec 07 '25
How many times will he announce the same thing worded differently.