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You've probably heard that ''the rich'' use charities to pay less taxes. I've known this even before I ever got into structuring business.
But how is this actually possible? What does it really mean? How can you use charities and charitable donations to pay less tax? Does it still work in this day and age?
When we talk about charities as a form of tax planning, we are talking about people with LOTS of money. People whose earnings surpass their lifestyle expenses by far.
This is not a strategy that a regular entrepreneur would use to save on tax. This is strategy for the mega rich.
Today we are covering all the technicalities behind chartitable foundations as a tax planning vehicle.
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Author: Michael Rosmer
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By: Offshore Citizen
Title: How to Use Charities for Tax Planning?
Sourced From: www.youtube.com/watch?v=u-iOSvlcJd8
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