Can be removed from the heavy taxes and social reputation of the charity to receive
Non-operating private foundations – has been confirmed by Bill Gates fund category, it does not like taxes. The regulation 501c (3) conditions, and the rule of law enacted taxes of the rich United States Internal Revenue Service (IRS), ordinary income and can never be reached. Rich’s operations outside the United States, according to criteria established by the private foundation taxes can be completely free of charge. It can remove heavy taxes and receive social reputation of the charity, why not?
Bill Gates, MS’s stock, worth about 50 billion U.S. dollars, most of the property owned. After one hundred years, real estate and pay estate taxes, according to U.S. law, as his son and call forwarding ttaldeulyiro. I know how much taxes? Below 50%! Any tax, accounting, tax today’s closing price of the effective date of the transfer of property. In other words, their children’s heritage, will pay $ 25 billion in cash inheritance received on the day.
How, he can not sell the shares may be too much cash Bill Gates. Traditionally, a large shareholder to sell shares through the Sign Board. Gates sold the shares to their children if the rainy season, MS’s stock price plunge in stocks might be junk. If so, the shares held by his children what is it worth? Wise, named after him, the Fund is to transfer the stock.
