Anyone else bothered that any American citizen, no matter how wealthy, would have to pay $35 million in taxes?
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rich ppl give ab 6-8% of their income, mostly to churches, opera
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Did he donate to the Trump Foundation, which then paid for a painting?
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no, he took other people's money for that.
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At that level yes, a charity. But many charities pay high admin salaries & very little makes it out to help anyone.
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Much of it is one charity giving to another charity. We won't even talk about the salaries paid to administer the charity.
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imx from doing HNW tax returns, they mostly give to their elite schools & their churches
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