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Tag: ProPublica

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Donate Your House to a Private Foundation, Get a Tax Break While You Continue to Live There Indefinitely.

1 Aug 2023
The headline above is not my general advice. But it happens, and sometimes in egregious ways. "For the ultrawealthy, donating valuables like artwork, real estate and stocks to their own…
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Tax Breaks Underwrite the Enjoyment of our Richest Citizens

9 Dec 2021
Nonprofit ProPublica "has identified a special class of superrich taxpayers who amass tax deductions to such an extent that they can avoid income taxes for years on end. Many of…

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