Tag: billionaires
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Donor-advised funds are warehouses for billionaires’ guilt
Donor-advised funds offer instant tax breaks but no obligation to ever give the money away. Here’s how they became the favored parking lot for billionaire philanthropy.
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The rich don’t pay taxes headline is technically true and rhetorically dishonest
Headlines about billionaires’ low tax rates compare unrealized gains to income tax owed. Both the headline math and the policy debate it shapes deserve scrutiny.