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To: Liz

“through their foundations’ aka tax scams.

My guess is these tax foundations were non-profits where the investment gains were not taxable and the people running the foundations pulled money out that was not taxable or maybe as taxable salaries. My guess is a LOT of their expenses paid with the money. This is how liberals avoid paying taxes.


10 posted on 05/19/2009 8:31:17 AM PDT by Frantzie
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To: Frantzie; Grampa Dave
....foundations were tax-exempt non-profits .........investment gains were not taxable....the people running them pulled money out as taxable salaries.....plus expenses.... This is how liberals avoid paying taxes.

N/P's are FReeper Dave's pet peeve.

The IRS has pinpointed foundations as the locus classicus of tax evasion.

There's a zillion ways they evade taxes within a foundation---and live the high life---tax-free.

13 posted on 05/19/2009 10:14:31 AM PDT by Liz (Everything Obama says comes with an expiration date.)
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