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.

posted by Quiddity at 10/29/2012 10:58:00 AM