Reward rich people who donate, and save the criticism for those who do not.
@Sharkyl @Gregster56 It's been true for years that rich people who make donations attract more criticism than rich people who buy yachts.View quoted post on X
Sharky Laguana
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CEO @Bandago, Commissioner @SF Homeless Oversight Commission, Musician @creeperlagoon. Dad, husband, optimist.
Posts auto-delete: I am not your training data.
Posts auto-delete: I am not your training data.
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Explaining tax deductions = villain.
Not understanding that those things are likely true and making excuses for the behested donation is villainous behavior. Time after time, you double down on the side of capital or power. Today, that makes YOU a villain. This type of gaslighting no longer works. Hope this is helpsView quoted post on X
Seeing people making the argument that the $100M gift to SF is somehow a bad thing (ie a bribe, a way to reduce taxes, or some other villainous activity).
Thought it might be helpful to walk through tax-deductible donations and their net cost & impact:
Thought it might be helpful to walk through tax-deductible donations and their net cost & impact:
Making a tax-deductible donation does not reduce your taxes 1 to 1. In all scenarios if you donate money to a charity (or a government) you will wind up paying more money than if you had just paid the tax.View quoted post on X
Making a tax-deductible donation does not reduce your taxes 1 to 1. In all scenarios if you donate money to a charity (or a government) you will wind up paying more money than if you had just paid the tax.
Rich people that give > Rich people that don't give. Seems obvious we should encourage this?
What's the model exactly? Avoid taxes, but pay upfront to ensure the local gov never regulates your should-be-illegal business?View quoted post on X
