AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
SMN: Billionaire Philanthropy Is Kind Of A Scam
Some More News
The Importance of Donor Advised Funds
In 2021, Musk donated $5.7 billion to charity in the form of Tesla stock rather than cash. Through this loophole, Musk was able to deduct so much from his federal tax bill and capital gains tax that he ended up saving 74% of his gift to charity compared to if he donated in cash or was tax in full. There are entire industries based around allowing rich people to store their wealth under the guise of charity.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode