The tax evasion couldn't be more apparent.
This "loophole" really needs to be closed. If someone wants to donate money to charity it needs to at least be an arms length donation so the person can't donate the money, receive a tax benefit and also direct the funds.
It's the same thing Bill
Again, the alternative is the world sees none of this money. Then again, Steve Jobs became a demi-god and he was a greedy a-hole. So maybe the key to your legacy is NOT giving away money and having people call you a heartless tax evader.
No, the alternative is if he wants to get the tax deduction from the donation, he can't donate it to himself. I'm about as anti-tax as most people, but some of the loopholes are so apparent. I fully believe that non-profits should exist to serve the better good of society and we should get tax breaks for it since the government much more inefficient than the private sector. But don't allow someone to not pay taxes because they create a foundation that they run and direct the funds from.
..i don't think it's about taxes....he already has money, so why do this to pilfer more?
This is more about political influence that this LLC status will enable (you can't lobby on behalf of a charity)