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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Amy J who wrote (276360)	2/24/2006 6:44:31 AM
From: steve harris	Respond to of 1588367

the nyslimes..... yawn

To: Amy J who wrote (276360)	2/25/2006 1:42:20 AM
From: tejek	Respond to of 1588367

Sadly, it's another case of a rich man manipulating charity for his own benefit," said Marcus Owens, a lawyer who formerly headed the division of the I.R.S. that oversees tax-exempt groups nytimes.com At the end of the year, he [Mr. Pickens] gave $165 million to a tiny charity set up to benefit the golf program at Oklahoma State University, reaping Mr. Pickens a tax deduction. [But] Records show that the money spent less than an hour on Dec. 30 in the account of the university's charity, O.S.U. Cowboy Golf Inc., before it was invested in a hedge fund controlled by Mr. Pickens, BP Capital Management. Mr. Pickens was able to take advantage of a provision in Hurricane Katrina relief legislation that allowed him a deduction for a charitable gift equal to 100 percent of his adjusted gross income, double the normal limit of 50 percent. If he does not have that much income in 2005, he can carry the deduction into future years. I think it was Picken's wife who flew 50 New Orleans dogs in their private jet to SFO while people were destitute and homeless. They sound like a real class act. ted