Lake Erie Conservative

thoughtful discussion(s) about issue(s)

Posts Tagged ‘charitable deduction’

… Why a Tax Dodge ? [ Bill Clinton ‘ s ” Shell ” Company] …

Posted by paulfromwloh on Saturday,October 22nd,2016

.. simple ..

.. it is used to hide earned income that should be taxed at the rate of ordinary income . It is then passed down from the shell to the ” owner ” [Mr. Bill] as profits and dividends , which are taxed at much different and usually much lower rates of taxation …

.. [h/t — ap.com]..
.. [link] to the news piece ..

.. it can also route the income from the ” shell ” to the foundation , thus gaining charitable contributions . You gain tax deductions from those deductions , instead of paying income taxes on earned income ..

.. it is that simple ..

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