The Rich Only Pay 6.3% In Taxes

Philanthropy is the desire to promote the welfare of others, expressed especially by the generous donation of money to good causes. Melinda Gates stepped down from the Bill and Melinda Gates foundation with a whopping 12.5 billion dollars at her disposal. Philantropists do not get paid for providing funding or labor. They don't need to because of the tax write offs. The original idea of claiming this title was to give the appearance that you are helping humanity but in reality, it's a front for gaining more wealth without having to pay taxes. It's a foundation or trust and not a corporation. Like a church with a 501(c)3. They report their earnings to the IRS but do not need to pay taxes. Melinda and her trust can now buy a home for her but mark it a historical purchase to avoid capital gains tax. All they need is an excuse to mark that land as a historical piece and now, she gets her peasants to work there while the foundation pays for it. That's just one example what these lizards do to avoid getting taxed. It's legal.

The dictionary says a philanthropist is someone who engages in donating their time, money, and/or reputation to charitable causes. Only eleven of America's 400 richest people have given away more than 20% of their stash. How charitable. Of the 2,781 billionaires in the world, only 211 dedicate their lives to giving away their fortunes. The Ford Foundation started with a donation of $25,000 and now has 26 billion. This example of charity should be in reverse. The idea is to give the money away and not accumiliate more. But that is the scam. Ford gave the first check and placed it into a bank account to avoid paying taxes. According to foundation source dot com, “For high-net-worth individuals who have a strong charitable interest, private foundations offer an opportunity to avoid paying estate taxes while simultaneously creating a lasting philanthropic legacy.” Although private foundations are exempt from federal income tax, their investment income is subject to an excise tax of 1.39 percent. What is stopping me from creating a foundation, selling my business to it, excempt myself from paying state and federal tax to a puny 1.3%? 

Nothing. Each year every private foundation must make eligible charitable expenditures that equal or exceed approximately 5 percent of the value of its endowment. As long as I give away 5% of the my entire estate worth to charity, I can continue paying less than 2% in tax from all my business efforts. Business owners find this out after trying to find ways to cut corners. Not just for employees, but for their own paycheck from their company. This means, most CEO’s, if they are smart, create their own foundation and request the company they work for to send their paycheck there. The CEO uses the foundation as their employer which saves them 35% if not more on all taxes. They then use these extra funds to invest in property for the foundation. Politicians know about this. They all do this. Trump told the nation this is how he does it and he said he is just using what the system set up. The billionaires are not the problem. The lawmakers are. The people don’t know about this because they’ve never been put into the position to seek out solutions for taxes themselves. 

Do you understand what I am trying to say? We don’t eat the rich or blame them. They are simply following the rules of the law. They put a small amount of cash into a foundation and filed the proper paperwork. They found lawyers and accountants that did it for others and found a work around. The system has always been set up this way. Only the people who want to succeed find the right books and read the laws to figure this out. The elite don’t care that you make money or save money or have a foundation. As long as your foundation doesn’t compete against theirs, you are not considered a threat. In fact, the wealthy admire those that make something from nothing. It’s honorable and a good story. Although they are not considered godfathered in like with old money, they still appreciate your journey. Especially when the wealth was built without witchcraft or black magic.

The foundations and billionaires that use them don’t understand why you don’t think like they do. The lawmakers make the system hard to get there but there always is a way. They think you choose your pitiful life and the system that oppresses. Like a person who gets sick and enjoys the attention. This is a mindset for them. Build and protect. All day, the rich think about comeptitors, law and ways to protect their foundation from enemies foreign and domestic. Their foundation is their country and flag. Melinda Gates caught her husband doing nefarious things with Jeffrey Epstein and it made the news. Melinda is taking half and will create her own flag. Maybe she actually will do something other than create meat out of vegetables and discourage cows from flatulence. Maybe she saw the insane goals of her ex-husband and decided to remove herself from such high strangeness. Regardless, we can’t blame people that make more money than us for our own problems. If absolute power corrupts aboslutely, then what we witness worldwide is in our nature. You can’t breed greed out of our dna.