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AdRelevant3167 t1_j8p366r wrote

Reply to comment by EvaUnit_03 in Elon Musk donates almost $2bn of Tesla shares to charity by Nergaal

There’s no outcome where you end up with more money by donating $2 billion of shares instead of simply selling those shares and paying taxes on the gains.

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ArchaicTravail t1_j8p45dp wrote

Except when you donate it to a non-profit that you run yourself and steal the money from there. See also: the previous US president.

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EvaUnit_03 t1_j8p4snk wrote

Most tax donations writeoffs are worth 50% towards your taxed income. If you also 'lose' money in that fiscal year you also can write that off. Combine those two together and its a recipe to dodge taxation.

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Not-another-rando t1_j8p3i2p wrote

Unless the act and optics of selling 2bn of your shares would make the rest worth far less

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