By using this as a tax write off, she is effectively increasing everyone else's tax. By claiming questionable expenses, she may be effectively laundering money from a taxable state to a non-taxable state even though it may be paying for the same personally beneficial items. By "employing" relatives and others, she is effectively circumventing the gift giving laws.
Look at some of the categories - and remember, salaries for people are not included in that - I mean, seriously, how much does a Twit'r account cost? Facebook? Wow...
So yes, because its a charity it is a write off... and probably a lot of the stuff being claimed won't be audited (unlike what happpens to us if we claim that stapler we use at our home office, because it "may be used outside the business")...
Must be good to be on the "right" side of the dotgov...
She should get a write off for her personal contribution to fund it like anybody else would. I wonder if she is on the payroll, which would allow her to write off many of her personal expenses like a vehicle lease, etc.
First, as long as it's her money, not money donated by other idiots; second, if she is getting a tax write off (which is the reason for the "charitable foundations" in the first place), then she can't just spend it the way she wants to. She can throw her money away, but by getting tax write off, she is effectively having it subsidized by the rest of the country. A typical Hollywood fraud, nothing more.
Can she use her own charity as a gigantic tax write-off? Also, whether we think she is doing any good or not, is it not her right to do whatever she wants with her money? Perhaps throwing a lot of money at a charity to make her feel good is equally valuable to her. As long as she is not hurting anyone I do not see the problem.
another thing that has a perfect quote to explain the mess..
"Money will not buy intelligence for the fool, or admiration for the coward, or respect for the incompetent. The man who attempts to purchase the brains of his superiors to serve him, with his money replacing his judgment, ends up by becoming the victim of his inferiors. The men of intelligence desert him, but the cheats and the frauds come flocking to him, drawn by a law which he has not discovered: that no man may be smaller than his money."
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By claiming questionable expenses, she may be effectively laundering money from a taxable state to a non-taxable state even though it may be paying for the same personally beneficial items.
By "employing" relatives and others, she is effectively circumventing the gift giving laws.
So yes, because its a charity it is a write off... and probably a lot of the stuff being claimed won't be audited (unlike what happpens to us if we claim that stapler we use at our home office, because it "may be used outside the business")...
Must be good to be on the "right" side of the dotgov...
"Money will not buy intelligence for the fool, or admiration for the coward, or respect for the incompetent. The man who attempts to purchase the brains of his superiors to serve him, with his money replacing his judgment, ends up by becoming the victim of his inferiors. The men of intelligence desert him, but the cheats and the frauds come flocking to him, drawn by a law which he has not discovered: that no man may be smaller than his money."