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Is Patagonia fleecing the IRS?
Today, Explained
Give Away $3 Billion Without Paying Gift Tax
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The Schonards are not getting an income tax deduction for the gift to the 501c4 that they're creating. The Gates Foundation would run into a big tax problem if it owned more than 20% of Microsoft stock or Berkshire Hathaway stock. Daniel: If you were to give away $3 billion very relatable this would be the most ideal way to do it without having to pay an insane amount of tax.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode