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originally posted by: xuenchen
A cool tax trick used by the Clintons for their 2015 taxes.
They released their tax return for 2015 and claimed $1,042,000 in charity deductions.
Wholesome and heartwarming right?
Well it looks like all of it went to the Clinton Foundation "charity" !!!
The article says 96%, and that is true because $1 million went directly to their own charity.
The other $42,000 went to a charity named Desert Classic Charities.
And the story shows that Desert Classic Charities itself donated $700,000 to the Clinton Foundation in 2015 !!!!
Talk about money funneling eh.
96 Percent Of Hillary’s Charitable Donations In 2015 Went To Clinton Foundation
Hillary Clinton and her husband Bill deducted $1,042,000 in charitable contributions last year — $1 million of which went to their own family non-profit, the Clinton Foundation.
Of that, they gave just over a million to charity. But the contributions can hardly be seen as altruistic, since the money flowed back to an entity they control.
The other $42,000 contribution was to Desert Classic Charities. That group hosts an annual PGA golf event. Doug Band, a Clinton Foundation adviser and Bill Clinton’s longtime assistant, was on the board of directors of that organization through 2014, according to its IRS filings.
Desert Classic Charities effectively returned that donation back into the Clinton orbit. Its 2015 tax filing shows that it contributed $700,000 to the Clinton Foundation for work on obesity programs. The group handed out $1.6 million in grants that whole year.
originally posted by: sycomix
a reply to: xuenchen
With the 4% the charity paid out with income like that I wonder where the rest went? Ohh yeah off shore or something like that, fancy tax shelter is all that foundation is.
Revelations in the Panama Papers that key Clinton financial partners had numerous offshore entities is the latest investigation to expose the secretive Clinton Global Financial Network.
That network, which includes controversial financiers and foreign entities, has operated with the infusion of funds from offshore accounts and entities around the world. And there are more revelations to come.
As the Panama Papers reveal, major Clinton financial partners, including Canadian mining magnate Frank Giustra and the Chagoury family of Nigeria, made use of the controversial Panamian law firm Mossack Fonseca to move assets around the world. Giustra is one of the largest contributors to the Clinton Foundation, donating more than $25 million. The Chagoury’s of Nigeria have committed $1 billion to the Clinton Global Initiative
originally posted by: hangedman13
a reply to: introvert
Except that Trump hasn't been in politics till now! Being from NY I can tell you all sorts of interesting things keep happening with politician founded non-profits. Nothing illegal till it get investigated I guess.
originally posted by: introvert
originally posted by: hangedman13
a reply to: introvert
Except that Trump hasn't been in politics till now! Being from NY I can tell you all sorts of interesting things keep happening with politician founded non-profits. Nothing illegal till it get investigated I guess.
I'm unsure of your point.
It doesn't matter what one does for a living. Donating money to your own charity is not against the law.