I posted this on a different thread. I think it is tax avoidance.
One way to look at this is that Zuckerberg just robbed the treasury of $45B. Part of that would have come in through capital gains taxes and the rest through the estate tax.
What they do with that money is up to them, not the state. It's a pretty sweeping end run around the taxation system.
Maybe we'll get lucky and he'll use the money to good end like Gates is doing. And maybe not.
This is a heck of a tax code we've got, it's trickle down on a grand scale.
One way to look at this is that Zuckerberg just robbed the treasury of $45B. Part of that would have come in through capital gains taxes and the rest through the estate tax.
What they do with that money is up to them, not the state. It's a pretty sweeping end run around the taxation system.
Maybe we'll get lucky and he'll use the money to good end like Gates is doing. And maybe not.
This is a heck of a tax code we've got, it's trickle down on a grand scale.
reply