how so? Speaking fee would have counted as income, so he'd be in same tax position as if he gave & got full deduction, I assume
So he's giving up the tax deduction he'd get if he made the donation to the foundation himself? That doesn't seem smart.https://twitter.com/blakehounshell/status/778689550746918914 …
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@zachmider I'm not a tax lawyer. Paging@NDNonprofitProf -
If no deduction limits apply then a wash; but if it was his only income after business deductions, 30% limit.
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So by having a client donate to foundation, he's shifting risk of a deduction limit from himself to them?
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Yes, but for most if not all payors limit will not matter because they have lots of income.
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not at all. He's evading tax on income for himself that he uses for business purposes via foundation - would not be deductible.
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@blakehounsel if Trump does as suggested, it's not a very clever way of avoiding income tax exposure. Why IRS not pursuing...smdh
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So, now he's being audited and cleared by the IRS simultaneously? It's hard to keep lies straight. Poor Trumpers...
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how is anyone buying this BS?
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"And that information is that it is politically not viable to make baseless racist accusations in a national election."
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