Chapter 1195 Charity in America is All Fake

"That's right, you heard it right, it's a bank, and it's going to open a branch in Los Angeles soon!"

"God, I really think you are a child of God, the lifelong dreams of all people in this world have been fulfilled by you before the age of thirteen, such a person is too jealous!"

The audience also exclaimed, this is really "infuriating".

"Jimmy, so Forbes is wrong in identifying your wealth, you are not worth 500 million dollars, you are probably more than 1 billion dollars, isn't that right?"

"It's hard to say, maybe the U.S. stock market will fall sharply this year, and if so, then my wealth may also be negative. ”

Liu Lang smiled and waved his hand.

The two chatted like this, just like a family chat, but the backstage shows that the ratings are very high now, and they have created the highest ratings of a talk show in the United States this year, which is close to last year's interview with Michael. Ratings at Jackson's time.

Liu Lang has never been interviewed without answering the other party's questions, his reaction is too fast, and many sensitive questions can be easily resolved in his mouth, so the person who interviewed him always has a feeling that the situation is controlled by Liu Lang, and the same is true for Opura, this is the first time in her interview career, to put it bluntly, there is a feeling that IQ is crushed.

"Okay, Jimmy, I'm going to ask you one last question, how long are you going to be in the United States this time, and are you going to leave the United States again?"

"I've got a full schedule, I'm going to Scotland in a few days!"

Liu Lang replied.

"Scotland, I remember, do you want to accept the title of Honorary Citizen of Dublin?"

"That's right, I was named an Honorary Firefighter of Los Angeles a few years ago, and now I'm an Honorary Citizen of Dublin, and I hope there are other cities that can give me the same title, and I'll gladly accept it!"

"Hehe, you're quite ambitious, but it's an honor, it's their recognition of you, okay, that's the end of today's show, but there's one last part, Jimmy, do you remember the last scene of your interview in the Los Angeles Times Today two years ago? You gave away a hundred cars to the audience, everyone must remember it!"

This sentence instantly ignited the people present, Liu Lang was interviewed two years ago, and finally Liu Lang proposed to randomly select a few lucky viewers, they will get a car worth nearly 10,000 US dollars, and everyone present became lucky viewers, and this scene has also become the most classic scene in the interview show?

Now that Aopra has mentioned this matter, it is obvious that there will be a "universal celebration" today.

"Haha, I still remember, I think a lot of the hosts will secretly scold me after that show because they can't afford those cars, okay, what new ideas do you have?"

Liu Lang said with a smile.

"What new idea do I have? It's just a copy of you, and that's a car that all the people in the audience here today will also receive a Ford sponsorship!"

"Okay!"

The scene suddenly resounded with cheers.

"Oprah, I know you have an Oprah Foundation that provides funding for black kids, and I've decided that I'm going to give half a million dollars a year to this foundation in the future. ”

Aopra is a caring person, very dedicated to the cause of black people, Liu Lang does not mind becoming good friends with her, now Shengtang Company is very well-known in the United States, and the funds are very abundant, and now it has extended to public welfare.

Businesses in the United States, especially well-known large corporations, have foundations, which is a symbol of social responsibility, which means that enterprises can give back to society, and of course, there is also an important reason that public welfare foundations in the United States can reasonably avoid taxes.

In the U.S. tax system, directly related to philanthropy is the collection of income and estate taxes and the provision that charitable donations can be deducted from personal income tax income. The U.S. government began collecting personal income tax in 1913 and federal estate tax in 16. In 17 years, a bill was passed to encourage people to donate. The Act provides that charitable donations, whether financial or in-kind, can be used for tax deduction, up to 15 percent of the income tax deductible. At this stage, the deductible rate of personal income tax in the United States is maintained at 50%.

To put it bluntly, many charitable foundations in the United States are just under the guise of avoiding taxes.

For example, if your property is to be passed on to your children, according to U.S. law, there is a high estate tax first, and then the inheritance tax is still a cash tax before inheritance, and it is obviously impossible for the children to come up with a huge amount of cash.

So, the rich came up with a brilliant solution:

"Donate" most of the assets to your own charitable fund, and then pass the articles of association, stipulating that your children serve as the actual managers, this management may be indirect, for example, although you do not directly manage the fund, or nominally only an ordinary staff, but you have the right to appoint and dismiss the personnel of the fund management company, similar to you have 70% of the shares in a company, but you do not hold office, and the nominal chairman you appointed can be dismissed at any time, will your chairman not listen? This kind of operation may be nested in multiple layers of shells, and the real voting power is hidden through various complex operations, which is indeed very deceptive.

The money is donated "nominally", but how to use the money is still up to oneself, and one's own food, clothing, housing and transportation can be hung on the foundation, so what does it matter if you want property in your name?

In the previous life, many Chinese people admired American philanthropy, and felt that this was the conscience of an entrepreneur, such as the richest man Gates, 90% of his assets were invested in charities, in fact, it was not the case at all, more than eighty percent of the money in those foundations was actually controlled by the rich themselves, like doing whatever they wanted, and the US government had no right to manage it, this is the truth of the American charitable foundation, to put it bluntly, it is "tax evasion" under the guise of charity Of course, charitable foundations always have to do some charity, which may be more important to the United States, in the final analysis, this country is not bad for money.

Having said too much, the charitable foundation in the United States has nothing to do with Liu Lang's dime, and maybe in the future, Shengtang Company will also get a foundation or something to avoid taxes, but now he doesn't have this idea, isn't it just 500,000 yuan?

Liu Lang didn't take the 500,000 yuan seriously, but Aopura was very excited, standing there screaming, as if the money was for her, indeed, most of the money probably fell into her pocket, but at least some of it could be given to those in need.