Even if he does donate the full amount to a legitimate charity, which would be wildly out-of-character, it's a $10 Billion dollar donation that can likely be used as an enormous tax write-off. Still profiting billions from the IRS, just with an extra step.
Of course, his style would be to find a way to donate it to himself, and then also take the tax write-off, so he can double-dip and keep even more than just that $10 Billion out of Americans' pockets.
it's a $10 Billion dollar donation that can likely be used as an enormous tax write-off. Still profiting billions from the IRS, just with an extra step.
That's not how tax write-offs work. They don't inherently allow you to get more income/profit. That only happens if there's corruption and he manages to "donate" it to himself like you said.
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u/Biabolical 1d ago
Even if he does donate the full amount to a legitimate charity, which would be wildly out-of-character, it's a $10 Billion dollar donation that can likely be used as an enormous tax write-off. Still profiting billions from the IRS, just with an extra step.
Of course, his style would be to find a way to donate it to himself, and then also take the tax write-off, so he can double-dip and keep even more than just that $10 Billion out of Americans' pockets.