"Maybe, you will have to spend a lot of time preparing various banquets in the future," Feng Yiping said during dinner.

"Like on TV, like some of our neighbors, why? Haven't you been unable to see those things?"

"Schmidt said that, and I asked the accountants and lawyers, and they all said that we should do some charity with high profile,"

"I'm not, it's so fake," Huang Jingping shook her head. "Look at the themes of some of their charity projects, from African elephants, sharks in the Pacific Ocean, and penguins in Antarctica... In short, there is nothing serious about it. It's better to build a few bridges in your hometown and buy more stationery for the school after spending this effort."

Their origins determine that they are all very real and they really cannot be interested in some charitable topics in the United States.

"If you go to the mountain and sing any song, there is no way, the United States will promote this. If you don't do this, the people here will have opinions about us. Maybe I will see my negative news in the newspaper in the past two days."

"Why? We invest so much in the United States and create so many jobs,"

"The national conditions here are like this. Moreover, it seems that we have to set up a foundation in the future. After establishing the foundation, you will find that there are actually quite a lot of benefits,"

This is also why he came to such a conclusion in the afternoon, Bill Gates and others were not really so noble that the earth could not tolerate it.

They made a statement to the world and donated all their wealth to do charity.

But please note that donating all their wealth to charity is not the same as giving this wealth to others from now on and no longer belongs to themselves.

Most of them are by putting their property into a charitable foundation, such as the well-known Gates and Melinda Foundation, so his wealth seems to have nothing to do with him legally and belongs to the foundation.

In fact, the property after "naked donation" is still controlled and controlled by them, but the specific operation method is carried out through voting for the holding of the fund or company.

The American people and mainstream media actually know this. Otherwise, after the naked donation, how could Gates and Buffett stay among the top three in the world's richest people list every year?

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

Not to mention that Xiao Zha, who has always been honest and clearly says that I care about money very much, is actually a non-profit private fund that aims to be "charity" but maintains long-term operations through "investment-like behaviors".

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

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

Secondly, this foundation with the banner of charity can be invested in. For example, the Gates Foundation has invested in many oil companies, Coca-Cola, McDonald's, etc. - By the way, this seems to be completely opposite to the green, environmentally friendly and healthy he advocates.

The most important attribute is private funds. The money they donated all over the world is actually private.

So why do these smart people need to set up such funds by Filibara? And the rich people in our country who seem to have no brains on their minds are not tempted by this?

After all, I still want to protect my wealth.

American wealthy people have two major difficulties in preserving their own property. One is capital gains tax and the other is inheritance tax.

The so-called capital gains tax is the income obtained by occupying capital, such as the income from selling houses and buying stocks.

The short-term capital gains tax is no different from personal income tax.

I have said before that the tax laws in the United States are too complicated. If you can figure it out, you can open an accounting firm to practice.

As for California where Feng Yipingmu is located, to put it simply, as long as your annual income exceeds 400,000 US dollars, and federal tax plus state tax, about half of the income must be handed over to the state.

That is, the short-term capital gains tax is nearly half.

This is really more ruthless than the hotly discussed by domestic netizens later, "Leave the bull's head to the country."

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

However, taxes in the United States are often adjusted. Since Bush Jr. came to power, after several rounds of tax cuts, the capital gains tax for long-term investment this year is around 15%, and the short-term gains tax have also dropped significantly.

As for private charitable foundations like them? Although they do not fully enjoy tax-free benefits of public charitable foundations according to US law, their investment returns still have to be taxed. How much? At least 2% tax is required.

2%, which is much lower than the US capital gains tax.

As for inheritance tax, it is also a tax that the rich American class hates.

For a long time, the tax threshold for the US estate tax was very low, for example, it was levied from 40,000 to 60,000 US dollars, but the tax rate was once as high as 77%!

This should be the American version of Immortality.

Of course, since the late 1970s, the amount of inheritance tax in the United States has been increasing and the tax rate has been declining. Since Bush came to power, the amount of tax has been increased to more than $1 million, with a tax rate of 50%.

Establishing a charitable foundation with a private nature also avoids such problems.

Therefore, these guys in the United States donate nakedly, and it is not ruled out that when the money is really just a number to them (not that they don’t care), they really want to take some money to do some good deeds, but at the same time, the side effect is tax avoidance.

As for which one is the main and which one is the second, this question does not seem to be important.

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

Feng Yiping also understood why their initiative was not responded to in China, because domestic wealthy people don’t have to worry about this at all.

Our asset profit tax is only symbolic, and it is not even as high as the personal income tax.

I only heard that someone has become a billionaire for stocks and real estate speculation, but I haven’t heard that anyone has paid over 100 million yuan in taxes on stocks and real estate speculation.

Those who make tens of millions of dollars in a house, and those who make over 100 million in the stock market pay no more than the personal income tax paid by white-collar workers in a year.

Similarly, is there an inheritance tax in China? If the domestic inheritance tax is as high as 50%, then there are definitely more wealthy people doing similar charity in China than in the United States.

So, to a certain extent, these American rich people have a hard life, and they really have more care than the rich people in China.

So later the newspaper said that some people regretted it after spending all their efforts to immigrate to the United States - this seems to be true.

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

This also caters to the wishes of the rich. It is understandable that the emperors in ancient my country sought longevity and the rich today sought longevity.

However, because of the effective guidance of the government and cultural genes, American wealthy people are willing to invest huge amounts of money in the field of medical and health, how to live for a hundred years, how to eliminate infectious diseases, and how to overcome cancer...

Once there is a breakthrough in these areas, the rewards will be huge.

It should be said that these wealthy people have indeed studied a lot of cutting-edge technologies under the banner of charity, which further drives the development of high-tech in the United States.

The rich people in our country also want to live a healthy life and continue their good life. However, their direction is different. They look for them in the pile of old papers and traditional culture. The result is that there are experts from time to time, such as "tao priests" and "masters" and so on, each leading the way for one or two years, or three to five years.

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

Therefore, it has to be said that the happiness index of our domestic rich people is really much higher than that of the American rich people.

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

"You are already an American now, so you have to get used to such things. Even if you think they are fake, you have to do such things."

"Yes, I'm an American," Huang Jingping was a little upset. "But, if you have any difficulties in these things, do it," (To be continued.)

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Chapter completed!