
It's All Paul Newman’s Fault
Slate Money
00:00
Is the Newman's Own Loophole a Policy Failure?
In the case of trip light, if you just look at the sequencing, it's very clear it he could have sold trip light to the private equity company for one point six billion dollars and then given all his post tax proceeds to charity. Instead, he gave triplight of the charity that turned around and sold the company five seconds later. And by doing so, that donation was worth forty % more, ok? But these two men are exploiting a loophole to donate more money to the cause they want a donate to. So that's a policy failure. I mean, i my big thing is, like the tax dodgers ta doge either way right? Andi can see why people
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