instead of giving to medical research companies that are tied into other subsidiaries that they own, they can just give the money directly to the medical system, not research. anyway, who's next?
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This is exactly what people said when people call for taxing the 1% more. They can just donate and work loopholes from paying it.
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All of the loopholes this family used benefitted the public. Maybe $ would be preferred, as the state could choose how it would be spent, but giving an art collection to the public it rightfully belongs to and funding research is a much better alternative to hoarded wealth
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Holy fuck.
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Why, they broke ass? Art unless sold at market value won’t pay for shit. Cash talks. Ask every tax paying person that owes.
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Thousands of lives will be saved and millions of people will get to enjoy art work not seen in public in years because of this. Literally not a single negative from this application of the wealth tax. America should try expanding theirspic.twitter.com/9o73mzSRx5
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Such a stupid tax. Pay the government to transfer assets that were acquired with taxed income. Tax the capital gains that may never have been taxed before, not the transfer of assets.
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It’s not “donating” More like “coughing up”
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Can you pay your estate tax or whatever before dying?
End of conversation
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