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Old 09-24-2012, 21:08   #258
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Join Date: Oct 2011
Posts: 2,012
Originally Posted by Trew2Life View Post
You guys are deluding yourself if you believe that every charity that every millionaire donates to comes out of the kindness of his heart. Charitable donations are used by the wealthy as another means of lowering their tax liability. These 'private organizations' are in the form of fraternal societies. They're donating to their favorite club houses. Let's not be so naive to think it's all going to the March of Dimes.
Read the article from the Post.
If he would have paid the Taxes on the 50 million he would have paid 35 cents on the dollar.
As it is he gave away 50 million, had he kept it and paid taxes on it he would have been 30 million or so ahead.
But that darn Mitt gave it away to charity,....
Makes you kinda hate him even more don't it?
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