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Spotlight On Charitable Foundation Abuse

Spotlight On Charitable Foundation Abuse

As charitable abuse goes, I don’t think this particular deal, assuming the worst, is all that abusive.  It is not a matter of real charitable dollars being diverted to personal purposes.  All the money is coming from Mr. Martin, not the gullible general public and he is just seeking a favorable tax characterization on the money that he is giving his daughters.

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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.