Originally Posted by
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Once I get to where I'm making money, I will probably set up a Family Charitable Foundation. I attended a couple webinars with this, so I guess that makes me a professional....
Anyway, it works like this.
1. Set up the foundation. (Get attorneys to file the ideal forms with all the gummint.)
2. All funds that you deposit in the foundation are gifts.
3. The foundation is not taxed. The money grows tax free indefinitely.
4. The foundation cannot be sued.
5. You control the money, and will pretty much do anything with it anyhow contribute to politics (I'm certain that breaks your heart).
6. Also is no more on your property, so no death tax.
7. There are people who specialize so you are able to get licenses, in writing proposals. You might have to change your assignment statement a bit. Yeah, they will throw another few hundred litres there from time to time.
When I get a couple mil in there, I think it would benefit society to have a huge game preserve, with a pleasant lodge on it for the caretaker (me) to reside in, vehicles provided, of course, along with the caretaker would likewise be paid a few hundred bucks a week stipend to cover misc. Expenses not otherwise paid for by the foundation. The mandatory household meetings could be held on a cruise boat, or in the Bahamas, whatever. The deer herd management would be up to me of course. And, I could invite the scouts to camp outside, that'd be a charitable activity.
Get the idea? Look right into it.