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#72 Is it a Culture Problem or a Hiring Problem?
That Will Never Work
The Tax Literacy of Crypto Donations
The main reason people donate crypto in the US is because of the tax incentive. There's something called a non-cash asset. If you donate something that is appreciated, the nonprofit gets the donation full value,. You get the write off on your taxes. And then this third kind of magical thing happens where you don't pay taxes on the appreciation of that asset. So it's a super powerful tax incentive to give non-profit assets as direct transfers.
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