They don’t get the same kind of social debts between each other when they donate to their own charities. You know, the back scratching thing that I mentioned.
There is a lot more to it than just the charitable donation deduction. They are all getting a tax deduction for exchanging money with other wealthy people through their charities and the charities spend money on each other’s businesses.
They don’t get the same kind of social debts between each other when they donate to their own charities. You know, the back scratching thing that I mentioned.
There is a lot more to it than just the charitable donation deduction. They are all getting a tax deduction for exchanging money with other wealthy people through their charities and the charities spend money on each other’s businesses.