3/Isn't that a good thing (unless he then is taking the money back out somehow without paying taxes, but the article doesn't say that)?
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#1 would be that he funded the foundation with his income but hasn't clarified if he paid federal taxes on all of that $.
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Do you have to pay taxes if somebody makes a contribution to charity in lieu of compensation? I didn't realize that..Years
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I'm no accountant, but accd. to WaPo: "In cases where he diverted his own income to his foundation, tax experts said... -->
End of conversation
New conversation -
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#2 that he used foundation $ to settle lawsuits and #3 that he used foundation $ to buy art. Of himself.
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