Chapter 1805 Tax Avoidance Foundation
After receiving two limited-edition luxury watches in a row, Yang Cheng was in a mixed mood. As for things, there are many benefits to expensive things, but some things are too expensive and there is no need to buy them. He is not a rich second generation who has a rich man, and needs to rely on a watch to show his identity!
But this is the wish of my family. If it weren't for my own 1.2 million, it would be even more perfect.
After a few glances, he put the watch into the watch box and took a deep breath. Jiang Qing's face finally calmed down, "What else?"
Liu Yun said seriously, "And... we bought a car by ourselves, just treat it as a Christmas gift you gave us~"
Yang Cheng was surprised and thought to himself, "Car? How much money can a car be worth?"
In the large amount of nearly $9 million, even buying three Ferraris is a fraction.
"What else?"
"I bought your dad clothes for one year~" Liu Yun said again.
This time it was Yang Cheng's turn to twitch his lips. Others don't know that he still doesn't know? You can change to a Mercedes-Benz with a good suit!
How many sets does it take for a year? If you count one set aside per week, you will also need 52 sets!
“Whose custom model is it?”
“Desmond Merion ~”
Well, the top tailor on Savile Street estimated that the average price is about 50,000 yuan. How much is 52 sets? Yang Cheng felt a headache. If he remembered correctly, his father's cloakroom and suit would be almost impossible to put down.
But that nearly one-third of the 9 million have a source!
"What else?"
This time, Yang Sen jumped out, "Just talking about others, why don't you talk about yourself? I bought a yellow diamond necklace worth 3 million yuan, but that yellow diamond is so beautiful. I was so moved by my man~"
Liu Yun was excited, "Yes, right? I won't say that I'm a spendthrift this time, and I will leave it to Yueyue as a family heirloom in the future~"
Luo Yue dared not ask for it, her little hand was swaying so fast!
If Yang Cheng takes blood pressure now, it will probably be almost out of the way.
Almost squeezed out from the gap of teeth, "What?"
Liu Yun chuckled, "I am a mother-in-law, so I have to give my daughter-in-law a set of jewelry, right?"
Needless to ask, the remaining money has found its source. I sat on the sofa and instantly wanted to become a monk. As expected, there are all fairies at the foot of the mountain, and the beauty is in trouble!!!
Even though it is a bit bad to say that my mother and daughter-in-law are a bit bad, but this is the truth!
No matter how valuable the top-notch jewelry is, it is still very reliable. If you buy it, buy it and treat it as an investment.
There is no way, Yang Cheng can only comfort herself like this, otherwise she will easily get high blood pressure.
Looking at the black card that has returned to your hand, I feel the urge to cut it off, it is all caused by your broken card~
......
This year's Christmas Eve dinner was extremely strange. The two old men tried to speak as much as possible to reduce their presence. Luo Yue didn't bother to eat herself and kept picking up food in Yang Cheng's bowl. In such a strange atmosphere, she spent this Christmas Eve that should have been full of laughter.
Fortunately, Yang Cheng is not a slim person. After a long time of depression, his face regained a smile. After all, he was buying things for his family, and it was not that he couldn't afford it. Besides, he also praised him for making random money and then turning around and looking for old accounts would be too much.
In the early morning, after Yang Cheng and Luo Yue returned to the room, they washed up each other. Luo Yue snuggled in Yang Cheng's arms and asked softly, "Are you not angry?"
Yang Cheng replied to a few blessing messages and put down his cell phone and said softly, "No, I'm just a little depressed~"
Luo Yue covered her mouth and laughed, "Auntie just wanted to anger you~"
"I know, don't worry, but should you change your words now?"
Luo Yue was stunned for a moment, then reacted and slapped Yang Cheng in the face, "I'm not married yet, why are you embarrassed to change your words? Besides, I can't take the initiative to change my words~"
That's right, such things must be raised by elders.
"Okay, I just said that, do you have any plans tomorrow?"
"No, it depends on you, I will go wherever you go~"
Yang Cheng said, "According to the convention, I should represent my family to participate in some activities at the charity foundation. The process may be a bit boring~"
"It's okay, I'll go with you, and I'll go and see it too. Although I've been communicating with the foundation, I haven't been to their office space yet~"
Yang Cheng remembered and smiled, "Yes~ You are one of the heads of the foundation now~"
Luo Yue was so beautiful that she angrily said, "Are you driven me as the person in charge to the shelves?"
"How great, I think you're handling it in an orderly manner."
"There is no way, I force myself to study. Wouldn't it be embarrassing for you to manage it well? But to be honest, I do very little work, most of it is managed by the original person in charge of the foundation."
Yang Cheng comforted, "What you are going to do now is not a drastic reform. As long as you ensure the stable operation of the foundation, it is a great achievement. Remember, all such foundations with charity purposes are aimed at helping more people more stably, rather than making a lot of money and helping a poor person get rich. We do not have this obligation."
Luo Yue fell into deep thought, "I think I know what to do~"
...
There are several foundations, charity foundations, family foundations, investment foundations, etc. They have a 5-storey office building in the Xiacheng District, and each one takes up one floor, without delaying it.
This is also to concentrate resources. After all, cooperation between various foundations is still very close.
In the United States, it is not new to large families to establish foundations, and it is also recognized by all sectors of society. However, at the beginning of the birth of the Modern Foundation, the US ZF only regarded it as a general society, charity groups and even ordinary enterprises, and no longer concerned about it after issuing a business license.
Only some larger funds are established by Congress through relevant laws, such as the Carnegie Foundation for Promoting Education.
However, as some foundations make significant progress in funding public welfare undertakings in society, the foundations have gradually aroused the favor of the federal ZF, and ZF has instead begun to implement policies of encouragement and support.
Under such circumstances, the United States passed legislation to include the foundation on the list of tax-free objects, and at this point the foundation was able to flourish.
However, a large family always has to establish some major themes and spirits in the establishment of a foundation, just like the Lockfell Foundation, the purpose of its establishment was to "promote the health of all mankind". Look at the situation of others, it directly rises to the point of worrying about all mankind. But in fact, everyone knows that their real purpose is not.
Given the intensification of social conflicts in the United States at that time, under the control of monopoly groups, money continued to flow into the pockets of a few rich people represented by Rockefeller, Carnegie and other chaebols.
But while accumulating huge wealth, they have to face two real problems at the same time: one is the anger and resistance of the lower-level workers; the other is the antitrust law and other restrictive measures of ZF.
Later, most states in the United States began to impose progressive income tax, and the Rockefeller Consortium undoubtedly became the focus of collection. The establishment of the Rockefeller Foundation can reasonably and legally avoid progressive income tax.
Afterwards, after several generations of family management, the Rockefeller Consortium has transferred most of its property to foundations of different levels.
As a result, Rockefeller was completely moved from the ground to the ground. More importantly, the personal income tax that the core members of his family originally needed to be levied was avoided. Since the money was no longer under the name of Rock, the inheritance tax was naturally exempted.
However, all the wealth and assets are actually still under the control of their own family, and they have successfully broken the argument that wealth will last for three generations.
From this perspective, the so-called non-profit foundation is actually a non-tax foundation. With such an imitation object, the rich Americans and families know what to do, hide their wealth and assets as much as possible and transfer them to the name of the family foundation, which not only avoids the eyes of the rich, but also makes a lot of profits by avoiding taxes. This is the routine of capitalists!
Of course, it cannot be denied that some wealthy people are indeed doing charity and have indeed helped some people in need, but what they have paid is only 1% of their total assets.
For example, the Guy Melinda Foundation, more than ten years ago, Guy Melinda injected $3.35 billion into the foundation, which is also the largest donation in American history, and thus makes the couple's foundation the largest charitable foundation in the United States.
You should know that at that time, the foundation's total assets reached US$35 billion.
The foundation only takes 5% of it to charity every year, and the other 95% of the funds can obtain tax exemptions, which brings much more wealth than the 5% he wants to donate.
For capitalists, this is just a game of turning the left hand into the right hand. Taking it out of the left pocket and put it in the right pocket can easily avoid the huge taxes they need to pay, and it is also conducive to establishing their own good public image. It can be said that it is a "both fame and fortune."
This is also one of the important reasons why the American foundations grow rapidly like snowballs. As American scholar Timothyud said, "Because the foundation is tax-free and investors can effectively control the foundation, this has greatly promoted the unprecedented development of the foundation."
In this way, the big bourgeoisie can evade taxes through foundations, and the corresponding national tax pressure will be borne by the middle class and grassroots people, which inevitably aggravates the injustice of wealth distribution.
This has led to the continuous intensification of conflicts among all classes of American society, causing many radical people to take to the streets to march, expressing their desire to capture Bill Gai alive and rob the rich and help the poor!
Well, the lid took a huge blame. This model was really not invented by him, but because he stood in that position and farting could cause a hollow ozone layer. The people only stared at the people at the highest point. Who would you catch if you didn’t?
So the height is so cold. The boss who is flowing and the second child who is beaten by iron may not be worse than the richest man.
Chapter completed!