uggabugga





Monday, October 29, 2012

Romney and charitable giving:

This is a moderately complicated report from Bloomberg about how Romney's "giving" to one particular charity was essentially a means of evading capital gains taxes.  If the charitable trust is set up just right, and it appears to the case for Romney, then the end result is a complete payback to Romney of the gift plus whatever growth occurred.  What does the charity get?  Close to nothing.


2 comments

Increadibly Mitt Romney chose Glenn Hubbard as his chief economic adviser! (click to see video)

By Blogger Representative Press, at 10/29/2012 12:59 PM  

Imagine the loopholes that might be revealed if R-MONEY released more than 2 years of his tax returns, outnumbering the Olympic Rings

By Blogger Shag from Brookline, at 10/30/2012 4:27 AM  

Post a Comment