"Maybe, you'll have to spend a lot of time preparing all kinds of banquets in the future," Feng Yiping said at dinner.

"Like on TV, like some of our neighbors, why? Haven't you always been tired of watching those things?"

"Schmidt said it, and I asked the accountant and the lawyer, and they all said that with our current conditions, we should do some charity in a high-profile manner."

"I'm not, it's fake," Huang Jingping shook her head, "and 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, it's nothing serious, spend this effort and spend this money, it's better to build a few bridges in your hometown and buy more stationery for the school,"

Their backgrounds determine that they are very practical, and they are really not interested in some charity topics in the United States.

"If you don't do this, people here will have opinions about us, and you won't be able to see my negative news in the newspapers in the next two days."

"Why are we investing so much in the U.S. and creating so many jobs,"

"This is the case here, and it seems that we will have to set up a foundation in the future, and after the foundation is established, you will find that there are actually a lot of benefits,"

This is also the reason why he came to such a conclusion in the afternoon, Bill Gates, they are not really noble enough to be tolerated on earth.

They are declaring to the world that they have donated all their wealth to charity.

Note, however, that when they donate all of their wealth to charity, it does not mean that the wealth is given to others and is no longer theirs.

Most of them are by putting their fortune into a charitable foundation, such as the well-known Gates & Melinda Foundation, so that his wealth does not appear to have anything to do with him in law and belongs to the foundation.

In fact, the property after the "naked donation" is still under their control and control, but the specific operation method is carried out through the controlling vote of the fund or company.

The American people and the mainstream media actually know this, otherwise, how can Gates and Warren Buffett after the naked donation be in the top three of the world's richest people every year?

Later, Xiao Zha was always more direct in this regard, and he simply set up a limited liability company to manage the property he "donated".

Not to mention that I have always been upright, but to put it clearly that I care about money very much, the Bill Gates Melinda Foundation is actually a non-profit private fund with the purpose of "charity", but through "quasi-investment behavior", to maintain long-term operation.

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

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

Second, this foundation under the banner of charity can be invested, such as the Gates Foundation, which has invested in many oil companies, Coca-Cola, McDonald's, etc. -- in other words, this seems to be completely opposite to the green, environmentally friendly, and healthy nature he advocated.

The most important attribute is private funds, and the money they are clamoring to donate all over the world is, in the final analysis, still private.

So why do these smart people bother to set up such a fund, and those rich people in our country who don't seem to have their brains in their brains don't bother to do this?

Speaking of which, it is still for the sake of preserving one's wealth.

The wealthy in the United States have two major difficulties to overcome in preserving their property, one is the capital gains tax and the other is the inheritance tax.

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

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

As I said before, the tax law in the United States is too complicated, and if you can figure it out, you can open an accounting firm to practice.

In California, where Feng Yiping is located, to put it simply, as long as your annual income exceeds $400,000, federal taxes plus state taxes, roughly speaking, half of your income will be handed over to the state.

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

This is really more ruthless than the "handing over the bull's head to the state" that was hotly discussed by domestic netizens later.

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

Since Bush Jr. took office, after several rounds of tax cuts, the capital gains tax on long-term investments this year has been around 15 percent, and the short-term profits tax has also dropped sharply.

As for private charitable foundations like theirs, although they do not fully enjoy the tax-exempt benefits of public charitable foundations under US law, their return on investment is still taxed, how much? At least 2% of the tax is 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 in the United States hate.

For a long time, the U.S. estate tax threshold was low, for example, $4 to $60,000, but the tax rate was as high as 77%!

This should be the American version of Death Can't Afford to Die.

Of course, since the late 70s, the threshold of inheritance tax in the United States has been increasing and the tax rate has been decreasing, and since Bush Jr. took office, the threshold has been raised to more than $1 million, and the tax rate is 50%.

The establishment of a charitable foundation with a private nature also circumvents such problems.

Therefore, these guys in the United States donate naked, and it is not excluded that when the money is really just a number for them (not that they don't care), they really want to take some money out to do some good deeds, but at the same time, the collateral result is to avoid taxes.

As for which is the main and which is secondary, the question does not seem to matter.

Of course, the U.S. government is not stupid, they know the purpose of the rich people in doing this, but they advocate it, because only in this way will the rich people cash out -- if they don't cash out, there will be no taxes to collect, and they will only invest after cashing out, and investment, in turn, will bring tax .......

Feng Yiping also understands why their initiative has not been responded to in China, because the rich people in China do not have to worry about this matter at all.

The tax on the profits of our assets is only symbolic, and it is not even as high as the individual income tax.

I only heard that some people speculated in stocks and houses and became billionaires, but I didn't hear of anyone who speculated in stocks and houses and paid more than 100 million in taxes.

Those who have earned tens of millions of dollars in a house and those who have earned more than 100 million yuan in the stock market pay no more taxes than the individual income tax paid by hard-working white-collar workers in a year.

In the same way, is there such a tax as inheritance tax in China? If the inheritance tax in China is as high as 50 percent, then there will definitely be more wealthy people in China who do similar charities than in the United States.

Therefore, to a certain extent, these American tycoons are also miserable, and they really have to worry a lot more than the rich people in China.

So later the newspapers said that some people who had gone to great lengths to immigrate to the United States regretted it -- and that seemed true.

Moreover, some laws on charity in the United States have guided these wealthy people to invest their funds in "charity" fields such as life science research, medical disease research, and environmental protection research, which require a large amount of investment.

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

It's just that because of the effective guidance of the government and cultural genes, the wealthy people in the United States are willing to invest heavily in the field of medical and health care, how to live a long life, how to eradicate infectious diseases, and how to overcome the ...... cancer.

Once there is a breakthrough in these fields, the rewards are also huge.

It should be said that under the banner of charity, these tycoons have indeed developed a lot of cutting-edge technologies, which has further led to the development of high technology in the United States.

And our domestic tycoons also want to live a long and healthy life and continue their good life, but their direction is different, they are looking for it in the pile of old papers, looking for it in traditional culture, and the result is that there are masters in the rivers and lakes, "Taoists" and "masters" or something, each leading the way for one or two years, or three or five years.

So, I have to say that the U.S. government is indeed ahead of us in some aspects.

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

"So many twists and turns, that's better in China," Huang Jingping also felt a little dizzy when she heard it.

"You're an American now, so you have to get used to this kind of thing, even if it feels fake, you have to do it. ”

"Yes, I'm an American," Huang Jingping was a little annoyed, "but what's so difficult about these things, just do it," (To be continued.) )