How Private Is 'Private Charity'? Private charity may be more accurately described as "private donations coupled with involuntary, tax-financed public subsidies." And it's not fair: "very low-income people paying only payroll taxes get hardly any leverage for their donations. Very high-income people in states with high income-tax rates – such as New Jersey and New York – can through the tax code virtually double the money funneled to a charity per dollar of their own sacrifice." (previously)
posted by kliuless
on Jan 17, 2011 -
What’s the best way to dispose of an accumulated fortune? Conventional wisdom tells us that you can’t take it with you. The inevitability of death has inspired otherwise ruthless men to contribute to the larger community with the goal of establishing a posthumous legacy. Carnegie built libraries. Bill Gates is working on global health initiatives. But the conventional wisdom on this matter could be wrong. And with that in mind, some wealthy men are choosing to turn themselves into cryonic popsicles and put their wealth in trust funds in the hope that at some point in the future, Science will be able to revive them.
posted by jason's_planet
on Aug 21, 2006 -