• ThirdWorldOrder@lemm.ee
      link
      fedilink
      English
      arrow-up
      3
      arrow-down
      2
      ·
      1 year ago

      I understand the optics angle but he is donated a significant amount of land. Most in North Carolina’s history.

        • ThirdWorldOrder@lemm.ee
          link
          fedilink
          English
          arrow-up
          2
          arrow-down
          2
          ·
          1 year ago

          That is a completely dismissive and false statement. He didn’t make any money donating land. I notice that people with little financial ability call everything a tax write off. Be better than that.

          He has been involved in preserving land for a long time. Whether you like epic or not, his record with conservation is excellent.

          • snekerpimp@lemmy.world
            link
            fedilink
            English
            arrow-up
            3
            arrow-down
            1
            ·
            1 year ago

            Are you a tax accountant or lawyer? Do you know the intricacies of the US tax code inside and out? If charity donations did nothing financially for the rich, why do they ALL do it every year? 0.1% did not get there being nice.

            • howrar@lemmy.ca
              link
              fedilink
              English
              arrow-up
              3
              arrow-down
              1
              ·
              1 year ago

              An explanation of how it financially benefits them would be helpful.

              The way I see it, charity with tax write-offs basically allow you to decide where your tax money goes at a small cost. If you pay it to the government, then they decide for you. So why not make the choice yourself and have that money fund things you actually care about?

              • snekerpimp@lemmy.world
                link
                fedilink
                English
                arrow-up
                1
                arrow-down
                1
                ·
                1 year ago

                Deductions and write offs reduce the taxes you owe. If you donate the right amount at the right time you can offset massive profits that would be taxed away. No, there is not direct profit from charity, but it reduces the taxes that the US will come after you for, therefore allowing you to keep more of your little meaningless pieces of paper making you the 0.1%. Rich aren’t rich because they make a bunch of money, they are rich because they know how to hang on to it.

                • howrar@lemmy.ca
                  link
                  fedilink
                  English
                  arrow-up
                  3
                  ·
                  1 year ago

                  In what scenario would that happen? Can you give an example with numbers?