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Dan Ramos 🇵🇹🇺🇸 Dan_Ramos@noauthority.social

"What a scam this is..

Michael Dell gets to write off 74% of his $6.25B 'donation' right away because it's a fed gov program for public purposes

It shrinks his estate, avoiding 40% tax on his heirs while maintaining family control

The investment accounts are funneled into $DELL"
https://x.com/FinanceLancelot/status/1998508866703909145
https://nitter.poast.org/FinanceLancelot/status/1998508866703909145

🐘🐘 Humpleupagus 🐘🐘 Humpleupagus@eveningzoo.club
It must be nice decide how your tax money is spent.

white_male white_male@poa.st
@Humpleupagus @Dan_Ramos Just register a charity, the application forms are free.

Btw, admitting gross 75% taxation, totally glancing over that, but dell bad, LMAO.

🐘🐘 Humpleupagus 🐘🐘 Humpleupagus@eveningzoo.club
I represent 501(c)(3). You don't want to know how much they spend on auditors each year alone.

I'm just saying that I want to donate to my pet projects in lieu of paying taxes.

🐘🐘 Humpleupagus 🐘🐘 Humpleupagus@eveningzoo.club
And they're not saying he'd pay 74% in tax. That's the write off.

white_male white_male@poa.st
@Humpleupagus @Dan_Ramos What's break even that makes sense with all the overhead? $5m?

🐘🐘 Humpleupagus 🐘🐘 Humpleupagus@eveningzoo.club
Estate tax rate over $1M over the exemption is 40%. So if you give away roughly half your stuff above the exemption to your own pet charity, you don't pay estate tax.

white_male white_male@poa.st
@Humpleupagus @Dan_Ramos Yeah, it's twisted, she's deliberately kvetching how state and federal budgets are short $4.5b due to one charitable donation.

🐘🐘 Humpleupagus 🐘🐘 Humpleupagus@eveningzoo.club
I'm arguing the other way. Rich people already get to control how government spends the money. I want to decide.

white_male white_male@poa.st
@Humpleupagus @Dan_Ramos You commie basterd! ;]

white_male white_male@poa.st
@Humpleupagus @Dan_Ramos Cool, any meaningful limits on board or chairs compensation? I guess that's where the magic happens.

🐘🐘 Humpleupagus 🐘🐘 Humpleupagus@eveningzoo.club
Yes and no. I mean it has to reasonable, as in what someone would get paid at arms length, but if the charity is large enough it can be quite large, like any CEO.

If you form it yourself and make it so the board picks it successor members, it can stay within family control.

sj_zero sj_zero
Hear me out: since we're selling future generations into debt slavery, how about we pass a balanced budget amendment to the constitution but we can legalize selling your kids into slavery since people love that?
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white_male white_male@poa.st

@sj_zero @Humpleupagus @Dan_Ramos You see that? I just mentioned this.

75% EFFECTIVE TAXATION

But it's debt slavery, lel.

🐘🐘 Humpleupagus 🐘🐘 Humpleupagus@eveningzoo.club
The government can't force you to work....

Unless you have kids.

Chaotic Good-ish Barbarian Deplorable_Degenerate@eveningzoo.club
Or do like me and don't pay your taxes.

Excuse me for a second, Warden wants to see me.

Sir ReadyKilowatt ReadyKilowatt@noauthority.social

@Dan_Ramos Andrew Carnegie built libraries before there was an income tax. What’s Dell building to save money on taxes?

Sir Mark - Wandering Knight WanderingKnight@noauthority.social

@Dan_Ramos

I'm starting to notice a trend. The very rich and the the very poor are experts at scamming the middle class. Yet another skill not taught in schools.