Zuckerberg to donate 99% of FB shares; $45B

Discussion in 'General' started by frankmatthews, Dec 1, 2015.

  1. nawghtyhare

    nawghtyhare

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    **** advance me some $$$$
     
  2. Chopper

    Chopper

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    Thoughts? Zuckerberg is a G a la Bill Gates and Warren Buffet. This has little to do with tax evasion and much to do with giving back as much as they can to the world. It's awesome. 
     
    HAWAII 5O likes this.
  3. throwback1718

    throwback1718

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    Wow. He needs to loan me a cool $2000 that's all I need
     
  4. dmbrhs

    dmbrhs

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    rollout likes this.
  5. slicknick951

    slicknick951

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    Prob a stupid question but does he keep his title as majority owner?
     
  6. johnnyredstorm

    johnnyredstorm

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    Sounds like they're just creating a trust and shuffling the shares into it.
     
    Last edited: Dec 1, 2015
    slicknick951 likes this.
  7. Chopper

    Chopper

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    It's not like dude is giving up his shares all at once… he's planning on donating 99% of his shares over the course of his life.
     
    slicknick951 likes this.
  8. slicknick951

    slicknick951

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    ok gotcha
     
  9. xbiker47

    xbiker47

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    this
     
  10. frankmatthews

    frankmatthews

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    Lol, you can't be that naive. None of those are good people.
     
  11. franco23x

    franco23x

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    You're right, they are great :smile:
     
  12. crcballer55

    crcballer55

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    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 & Melinda are doing, Warren Buffet did, & the Clinton's are doing.
     
  13. frankmatthews

    frankmatthews

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    No, an alternative would be to actually donate money as oposed to transferring funds into a tax free foundations whose finances are controlled by whoever he sees fit. It's generational wealth preservation. Those inheritance taxes are hefty.
     
  14. truth-serum

    truth-serum Banned

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    Can't believe people fell for this david and goliath story they pushed to get facebook in the spotlight.

    You can't fool me with that BS story about a kid in a dorm copying myspace and coming out ahead. Dude is a pawn being used by the government to have unprecedented info and access to people without them even knowing it.
     
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  15. sea manup

    sea manup

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    People give the government way too much credit

    This is why we can't have nice things.
     
  16. dmbrhs

    dmbrhs

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    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.
     
  17. sea manup

    sea manup

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    Such a broke boy mentality to try and discredit someone doing something good just because they also benefit from it.

    It's called smart business
     
  18. al audi

    al audi Banned

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    not even broke boy mentality

    just bein real to bigger agenda
     
    ohokalright likes this.
  19. sea manup

    sea manup

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    And if the bigger agenda causes them to help people out who are you to complain
     
    HAWAII 5O and samyoung80 like this.