We have under privlalged people living in this country who must resort to creative ways of earning a living due to labor being required in the work place to keep a job.
Bush and the GOP are responsible for the sad state of economics of lazy people.
May Allah bless the third and fourth world!
A Tax Benefit for Big Donors Often Bypasses Idea of Charity
By Stephanie Strom, The New York Times
April 25, 2005
George B. Kaiser, a publicity-shy oilman who built a fortune estimated at $4 billion by snapping up busted petroleum businesses in Oklahoma, set aside roughly $1 billion for charitable endeavors from 2000 to the end of last year.
In exchange, he can now deflect taxes on much of his own income over the next several years.
But it turns out that only $3.4 million of the money he set aside has gone to charities. The rest is sitting in an obscure philanthropic entity called a supporting organization, so named because it is created to support a specific charity or charities.
Supporting organizations are attractive to donors because they offer the generous tax benefits associated with donating directly to charities and operate much like private foundations, but without a foundation's more onerous requirements.
Donors get those perks because they agree to relinquish control over the money. But since they appoint the organization's board, they can retain a great deal of influence over it.
Regulators and lawmakers suspect that many wealthy people have used these organizations more for tax planning than for any charitable aim and are pushing for tighter rules as part of a broader crackdown on charitable tax exemptions.
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