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Chapter 372: The Truth About Naked Donations and Charitable Funds(1/2)

According to Forbes, the famous former richest man in the world, the charitable foundation under the name of Mr. Bill Gates.

According to its annual report, the foundation received investment returns of up to $3.9 billion in 2003 with $26.8 billion in capital. This total is more than three times the $1.2 billion gain from its property transfer. In 2001, the average return on investment of the Gates Fund was around 18%.

More than half of them come from the benefits of Microsoft Capital donated by Gates. Its stock operating costs are less than 1 cent per share. Even when the dividend of the S&P 500 index fell by 12%, the annual yield of the Gates fund could reach 7.8%.

These figures suggest that the charity’s focus seems to be not on charity but on its investment rewards.

It is precisely for this reason.

Abel decided to build his own charitable foundation. This is also the most elite legal and accounting teams he hired.

Among the several tax avoidance methods proposed to him, the safest, but also the most complicated.

The most safest thing is that using this tax avoidance method can not only save a lot of gift tax and inheritance tax, but also pay a lot less tax every year. It also gets a very good reputation... It sounds so nice to say that XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

But what about the real situation?

Although Mr. Bill Gates' charity foundation has spent more than ten years on charity every year.

After so many years.

There is no $10 billion. But there are more or less billions of dollars.

If we look at it from this perspective, then the people really spent so much money, which is billions of times more than those who have never donated money.

After all, that's billions!

But the problem is...

If he does not donate these billions, then the personal income tax he needs to pay over the years will exceed tens of billions of dollars!

Now, not only do you spend billions of dollars, but you save tens of billions of dollars in personal income taxes... you also gain a good reputation and save the terrible gift tax and inheritance tax in the future!

Some people may say that people spend billions of dollars to save tens of billions of personal taxes. This is allowed by law, and people really donate so much money, you guys don’t want to!

But……

Is this really the case?

You can see where Mr. Bill Gates spent these donations, and you will know if he really donated so much money.

Melinda-Gates Foundation At present, after the establishment of the Gates family, the foundation has invested more than US$600 million in the prevention and control of AIDS, tuberculosis, malaria and other diseases from 2001 to 2003. It will invest another approximately US$478 million by the end of 2005. The foundation accounts for a large proportion of the global funding for the prevention and treatment of these diseases.

It looks fine!

This is definitely a charity!

But if you know, Mr. Gates' family fund has invested more than US$2 billion in research and development prevention and treatment costs in this area... They have also obtained research results in this area, but the value of various patents for treating this disease is more than US$5 billion, not to mention that the annual sales of products derived from these research results exceeds US$1 billion. As for the profits, no one knows!

Don't you understand?

That is, people spend money on charity, and they have made more money from the process of doing charity...

This is the real big capitalist!

Now Abel wants to learn this trick too!

Spend money to do charity, but get out of charity methods such as poverty alleviation, free medical care, humanitarian assistance, environmental recovery, etc., which only pays but no gains!

To do charity, do jobs similar to those of the Gates family! For example, what diseases are developed, what diseases are prevented and treated... For example, developing some environmental protection products; for example, providing free student loans to poor students in backward countries, the price is that they must work in my company for several years after graduation, etc.

A lot of similar methods.

It sounds very nice to say, for example, investment in disease can be said to be a charity and health investment; there is no need to mention the environmental protection products, and now, it is very popular all over the world, which can be said to be the protection of the environment; and then free interest-free loans to poor students in poor countries, so that they can work for themselves in the future. This can also be said to be poverty alleviation education, not poverty alleviation!

There are hundreds or thousands of such charitable foundations in the United States, of which more than 98% of the charitable foundations are engaged in 95% of the charitable causes with conditions!

This is the so-called best country!

It's really awesome!

On the stage, after saying that he was preparing to establish a new charity fund and named it [Abel Charity Foundation] after he was named after himself.

Abel stepped down directly.

In the next scene, Piaggio and several directors of the WWF Director-General, all of whom are very good at speaking.

It is worth making this unnecessary press conference very grand, and it is worthwhile for media reporters to write a lot when they publish the news.

And in fact.

There are only two people who really have content in this press conference. One is Blue Star’s future Blue Star One, and the other is that Abel will establish his personal private charity foundation.

In America.

It is easy to build a private charitable foundation.

It is also very easy to do charity.

But it is not easy to transfer more than 98% of his property into his own personal charitable foundation, like Mr. Bill Gates!

There is too much involved in this.

The IRS is a problem.

The federal government is another problem.

These two are not fools, so how could they not know that the rich are actually doing this to avoid taxes. How much tax will the federal government lose?

But they can't do anything!

The Constitution stipulates this way. Other laws also stipulate this way. The banner of charity is too powerful. Even when the IRS wants to do it, it must be weighed.

Moreover, these two existences also need to consider the real ideas of the group of rich people.

So fundamentally, the federal government and the IRS cannot eliminate this method. However, they can consider access, such as limiting the size of charitable foundations, limiting the amount of donations transferred to charitable foundations, etc.

In this regard.

It depends on Abel and his team's efforts.

Want to get the IRS and the federal government.

But it's not that easy.

Not everyone can easily donate naked like Mr. Bill Gates and Xiao Ma, without cutting off his flesh or blood.

…………

…………

Backstage of the press conference.

In a lounge.

A fidgeting girl sat opposite Abel.

He now understands the identity of this girl, Deborah Silva, from Brazil, a well-known model.

In 2011, her photos became a hot topic on the Internet and received great attention. After reading this set of photos of her photos, netizens around the world said that they were like "a fairy descending to the earth", similar to beautiful elf, and otherworldly words were endless. She has signed a contract with the LUCOSO brand and became a model of this brand.

What is LUCOSO?

A small brand of the bullfighting kingdom...

In other words, this person has nothing to show off except for his young, beautiful figure and good reputation.

A small model who can't be even smaller.

And Deborah Silva already knew who the young man who was one year younger than him was.

Abel Sefrosa!

For this person who has just arrived in the United States and has just signed a small model agency, it is an existence that can eliminate her and her model agency on the earth by stomping her feet.

What can Deborah Silva say?

Only obey.

Backend.

Abel looked at the young model.

Deborah Silva, who is only 21 years old this year, is really beautiful. Her appearance without makeup has an elf beauty. Her appearance is a bit like Miranda in Victoria's Secret model, round and not aggressive.

But the more you look at it, the more you look, the better you look.

and……

As a model, she has a really good figure. She has a big body, a very thin waist, long legs, and fair skin.

It looks like a good cannon stand.

Since it is a good cannon stand.

He still bumped into himself so fearlessly that he could let her go. Abel is not Abel. This little model doesn’t have to go anywhere, just use it as his own cannon stand!

It seems that I have never been a model before... Well, in the circle, I have been a model with a level of more than a model. Even a supermodel of Victoria's Secret, I am still a top Hollywood female star with dozens of levels higher than that of a top Hollywood star. I have been a n times.

It's good to change the taste.

"alright."

After looking at the beautiful young model.
To be continued...
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