3min chapter

My First Million cover image

Doug DeMuro: How A YouTube Car Reviewer Sold His Company For $40M

My First Million

CHAPTER

How to Avoid Paying Taxes With Non-Profit Museums

A daft is a charitable giving account It allows the donors to make a one-time or recurring distribution of cash or appreciated assets and receive an immediate tax deduction. The museum does not have to sell the art and they can instead display it as their own collection They can avoid paying capital gains on the appreciation of the art And so I think I've seen this where people basically have like a quote-unquote public museum like in their backyard.

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