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[deleted] t1_ish0syp wrote

Reply to comment by Just_the_facts_ma_m in TIL that before Lincoln Center could reward David Geffen's $100 Million donation by renaming "Avery Fisher Hall" to "David Geffen Hall", they had to pay the heirs of Fisher - the original donor - $15 million. Geffen's donation has a provision that requires his name to be on the hall "in perpetuity". by AspireAgain

I said charities and deals like this are (EDIT: how) the rich put money to work for themselves while avoiding some amount of taxation (paraphrased).

A "tax avoidance scheme" somehow balloons into all these assumptions on your part probably because you're acting in bad faith.

How the fuck anyone can know the breadth of another person's knowledge and extrapolate as far as you have from 2 sentences is beyond me. Ego much?

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Just_the_facts_ma_m t1_ish1j3w wrote

How? It’s simple. Anyone who think giving money away is a “tax avoidance scheme” doesn’t understand how taxes work.

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[deleted] t1_ish2084 wrote

Why carry on with all this nonsense? You can google this yourself if you're so smart.

https://apnews.com/article/business-philanthropy-b8acb10f529ac2dbaff7631021d823c9

https://www.nytimes.com/2018/08/03/business/donor-advised-funds-tech-tax.html

https://www.fidelitycharitable.org/guidance/charitable-tax-strategies/reduce-taxable-income.html

Anyone who thinks the rich give away money for free is naive at best, and a shill at worst.

I think it's more that you act the contrarian to feel smart.

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