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 Pass through Deduction New ResearchTax Foundation 2021

M4np 2021-2025 Form

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Instructions and help about mn revenue form m4np

how high income earners can donate to charity to avoid paying taxes everyone already knows that you get a tax deduction for donating money to charities in short if you itemize you get a dollar for dollar deduction for the amount you contributed to a charity of your choice but that's not what this video is about this video is about getting even more charitable tax deductions that stretch beyond the money you decided to contribute because the truth is that the ultra wealthy are not just handing money over to Charities instead they are using Charities as tax shelters to park their money in and avoid paying taxes for example take a look at the Bill and Melinda Gates Foundation do you think they are saving money in taxes by setting up their own Foundation to give money to Charities I'm willing to bet that they are oh and they also have the bill in Melinda Gates Foundation trust I wonder if that trust is helping them reduce their taxes at all it probably is just read the next

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