Not sure i ever said it was equal.
But i did say this....
So sponsors hitch their wagon to Hamilton because everyone loves him and he has a good brand.
Maybe he gets a 50mil deal out of it?
Maybe he gets a Kardashian out of it.
You should enter politics Kruddler and im being serious.
You never admit a wrong and always find an angle to defend😂😂
Incorrect. Its not equal and not equally lost either way.
If LM earned 500M tax for arguments sake at lets say 50 cents in the dollar he is left with 250M (to spend on watches and Kim K)
If he donated lets say 100M as the donation would be fully tax deductible he now pays tax on 400M again for arguments sake at 50 cents in the dollar he is now left with $200M
So LM making the $100M donation left him with 50M less in his hand then if he didnt donate and paid hes tax.
ballpark if you are in the highest tax bracket for every $1 you donate your net loss is 50c for every dollar.
Im not a fan of LH but any donation of that sort of money is still very noble.
Not sure i ever said it was equal.
But i did say this....QuoteIF its via donation, they look like good guys and get more opportunities to make more money.So sponsors hitch their wagon to Hamilton because everyone loves him and he has a good brand.
Maybe he gets a 50mil deal out of it?
Maybe he gets a Kardashian out of it.
People are going to lose the money one way or another.
IF its via tax, the government gets it and nobody cares.
IF its via donation, they look like good guys and get more opportunities to make more money.
So why would you not choose to donate it?
Incorrect. Its not equal and not equally lost either way.
If LM earned 500M tax for arguments sake at lets say 50 cents in the dollar he is left with 250M (to spend on watches and Kim K)
If he donated lets say 100M as the donation would be fully tax deductible he now pays tax on 400M again for arguments sake at 50 cents in the dollar he is now left with $200M
So LM making the $100M donation left him with 50M less in his hand then if he didnt donate and paid hes tax.
ballpark if you are in the highest tax bracket for every $1 you donate your net loss is 50c for every dollar.
Im not a fan of LH but any donation of that sort of money is still very noble.
IF its via donation, they look like good guys and get more opportunities to make more money.
People are going to lose the money one way or another.
IF its via tax, the government gets it and nobody cares.
IF its via donation, they look like good guys and get more opportunities to make more money.
So why would you not choose to donate it?
If we win this it would be a truely great effort. GWS will be desperate to make amends for their loss to the sangers and on their day can beat anyone.
How would NFPs that don't have DGR1 status survive in Australia if that was the case?
Don't have a view on Gates Foundation, except to say that generally, it is very hard to donate money properly and effectively if you have lot to give away. Also the rules in US are different to ours...
Of course there are strategies to best manage donations, particularly from windfall events - which not only benefit to donor, but the NFPs as well as there becomes more to give away.
Sorry - won't hijack the thread any further.