Addendae

How the Ultrawealthy Use Private Foundations to Bank Millions in Tax Deductions While Giving the Public Little in Return

It’s a simple bargain: The rich get huge tax breaks by donating art, property and company shares to benefit the public. But some donors collect millions while offering little or no public access

https://www.propublica.org/article/how-private-nonprofits-ultrawealthy-tax-deductions-museums-foundation-art

Discussion: https://news.ycombinator.com/item?id=36929335

#wealth #taxation #TaxFraud #WealtyInequality #oligarchy #DefundBillionaires