Vol 5 Chapter 71: I feel fake

"Maybe, you will spend a lot of time preparing various banquets in the future," Feng Yiping said during dinner.

"Like on TV, like some of our neighbors, why? Haven't you been obsessed with those things?"

"Schmidt said, I also asked accountants and lawyers, and they all said that with our current conditions, we should do some high-profile charity."

"I'm not, it's horrible," Huang Jingping shook her head. "Look at the themes of some of their charity projects, from elephants in Africa to sharks in the Pacific to penguins in Antarctica... In short, there is no business. It’s better to spend this time and effort to build a few bridges in your hometown and buy more stationery for the school."

Their origin determines that they are very real, and they are really not interested in some charity topics in the United States.

"If you go to a mountain to sing or sing, there is no way. The United States will do this. If you don't do this, people here will have opinions on us. Maybe you can see my negative news in the newspapers these two days."

"Why? We have invested so much in the United States and created so many jobs,"

"This is the national situation here, and it seems that we will have to set up a foundation in the future. After establishing the foundation, you will find that the benefits are actually quite a lot,"

This is why he came to such a conclusion in the afternoon that Bill Gates and the others are not really noble to the earth.

They are declaring to the world that they have donated all their net worth for charity.

But please note that if they donate all their wealth to charity, it is not the same as giving this wealth to others, and no longer belongs to them.

Most of it is through putting his property into a charitable foundation, such as the well-known Gates and Melinda Foundation. Therefore, his wealth seems to have nothing to do with him legally, and belongs to the foundation. of.

In fact, the property after the "naked donation" is still under their control and dominance, but the specific method of operation is implemented by voting on the controlling part of the fund or company.

The American people and the mainstream media actually know this. Otherwise, how can Gates and Buffett, who have made naked donations, be in the top three of the world's richest man every year?

Later classmate Xiaozha was always more direct in this regard. He simply set up a limited liability company to manage his "donated" property.

Not to mention that it has always been upright, but clearly stated that I care about money very much, the Bill Gates Melinda Foundation, is actually a "charity" as the purpose, but through "investment-like behavior" to maintain long-term Operating non-profit private funds.

Here are a few key words to pay attention to: charity, investment behavior and private funds. Well-known foundations of this nature also include the well-known Rockefeller Fund in the United States.

First of all, because of the name of charity, it is mandatory to donate at least 5% of the foundation's assets every year.

Secondly, this foundation with the banner of charity can be invested. For example, the Gates Foundation has invested in many oil companies, Coca-Cola, McDonald's, etc.-in other words, this seems to be completely green, environmentally friendly, and healthy. It is on the opposite side.

The most important attribute is the private fund. The money they donate is shouted all over the world. In the final analysis, it is actually private.

Then why do these smart people bother to set up such a fund, and the rich people in our country who seem to have no brains in their heads don't bother about this?

After all, I still think about preserving my wealth.

The wealthy Americans have two major difficulties to overcome when it comes to protecting their own property. One is capital gains tax and the other is inheritance tax.

The so-called capital gains tax is the income obtained from the possession of capital, such as income from selling houses and buying stocks.

The capital gains tax in the United States is no different from an individual tax in the short term.

As I said before, the US tax law is too complicated. If you can figure this out, you can open an accounting firm to practice.

As far as Feng Yipingmu is located in California, to put it simply, as long as your annual income exceeds 400,000 US dollars, federal tax plus state tax, probably speaking, half of the income will be handed over to the state.

That is, the short-term capital gains tax is also close to half.

This is really more ruthless than the "hand over the bull's head to the country" hotly discussed by domestic netizens later.

Long-term capital income is generally half of the short-term, that is, at least more than 20%.

However, taxes in the United States are also constantly being adjusted. Since Bush Jr. came to power, after several rounds of tax cuts, the capital gains tax for long-term investments this year is around 15%, and short-term gains tax has also fallen sharply.

As for private charitable foundations like them? Although according to US law, the tax-free benefits of public charitable funds are not fully enjoyed, their investment returns still have to be taxed, how much? At least 2% of taxes must be paid.

2%, which is much lower than the capital gains tax in the United States.

As for the inheritance tax, it is also a tax that the wealthy Americans hate.

For a long period of time, the threshold of American inheritance tax was very low, for example, from 40,000 to 60,000 US dollars, but the tax rate was as high as 77%!

This should be the American version.

Of course, since the late 1970s, the US inheritance tax has been levied and the tax rate has been declining. Since Bush Jr. came to power, the levy has increased to more than $1 million and the tax rate is 50%.

Setting up a charitable foundation with a private nature also circumvents such problems.

So, these guys in the United States donate naked, and it is not ruled out that when the money is really just a number to them (not that they don’t care), they really want to take some money to do some good deeds, but at the same time, the incidental result is tax avoidance.

As for who is the master and who is the second, this question does not seem to matter.

Of course, the U.S. government is not stupid. They know the purpose of doing this to the rich, but they advocate it, because only in this way, the rich will cash out—if they don’t cash out, there will be no tax to levy. Investment, and investment, will bring taxes....

Feng Yiping can also be regarded as understanding why their initiative has not received a response in China, because the rich people in China do not have to worry about this at all.

Our asset profit tax is only symbolic, not even a high tax.

I only heard that some people became billionaires who traded in stocks and real estate. I never heard of anyone who traded in stocks or real estate and paid more than 100 million taxes.

Those who have earned tens of millions in a house, and those who have made more than 100 million in the stock market pay no more than the tax paid by the white-collar workers who are suffering in a year.

Similarly, is there an inheritance tax in the country? If the domestic inheritance tax is as high as 50%, there are definitely more rich people doing similar charities in China than in the United States.

Therefore, to a certain extent, these rich Americans are also suffering. They really have to worry about more than the rich people in China~www.wuxiaspot.com~ So later the newspaper said that some people regretted immigrating to the United States after trying their best. It seems to be true.

Moreover, some laws on charity in the United States guide these wealthy people to invest funds in "charity" fields such as life science research, medical disease research, and environmental protection research that require a lot of investment.

This also caters to the wishes of the rich. It is understandable that the ancient emperors of our country sought longevity, and the rich now seek longevity.

Only because of the effective guidance of the government and cultural genes, the rich in the United States are willing to invest heavily in the medical and health field, how to live a long life, how to prevent infectious diseases, how to overcome cancer...

Once there is a breakthrough in these areas, the reward will be huge.

It should be said that under the banner of charity, these rich people have indeed researched a lot of cutting-edge technology, which has further promoted the development of high-tech in the United States.

The wealthy people in our country also want to live a long and healthy life and continue their good days. However, their direction is different. They look in the old paper piles and in the traditional culture. The result is that the rivers and lakes sometimes Outstanding talents, "dao masters", "masters" and so on, each leads the way for a year or two, or three to five years.

Therefore, I have to say that the US government is indeed ahead of us in some aspects.

Therefore, we have to say that the happiness index of the rich in our country is much higher than that in the United States.

"So many twists and turns? That's better at home," Huang Jingping also made her head dizzy.

"You are now an American, so you have to get used to such things, even if you feel false, you must do such things."

"Yeah, I'm an American," Huang Jingping was a little annoyed. "However, if these things are difficult, just do it." (To be continued.)