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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (51006)10/11/2002 8:55:13 AM
From: Ilaine  Respond to of 281500
 
Thanks for pointing that out about Gates' philanthropy. I would like to point out that there are significant tax advantages to the type of foundation he has set up, as a way of transferring wealth to one's children and grandchildren without the payment of estate, gift and capital gains tax, and as a way of retaining control of the way one's wealth is spent in your lifetime and for generations.
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