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Politics : Did Slick Boink Monica? -- Ignore unavailable to you. Want to Upgrade?


To: halfscot who wrote (13162)4/9/1998 2:14:00 AM
From: carl a. mehr  Read Replies (1) | Respond to of 20981
 
On Ted Turner giving "stocks of value" you may be overlooking that he is gaining much more from tax savings than what he is giving.

Ted or anybody for that matter, gets to claim the inflated price of the stocks that he is giving as a charitable contribution. You can shelter a lot of income from taxation by doing that. The notion that Ted Turner is giving anything away is totally wrong, as he is saving many times over in taxes for "those gifts given with huge unrealized capital gains"!

You can be sure that he gives company stock away and not cash!
humble carl



To: halfscot who wrote (13162)4/9/1998 1:09:00 PM
From: Grainne  Respond to of 20981
 
I am sure Bill Gates will at some point take the opportunity to remind everyone how generous he is, halfscot. Ted Turner deliberately has urged other very rich people to be more generous with their gifts because he is concerned about the future for all of us. I don't think that is any kind of a crime. In fact, it a public service in my opinion.