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Rumor: Cam has a secret li…


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7 hours ago, Kuechly&Moore said:

Philanthropy does not equate to altruism or being a good person.

and most philanthropy work done by millionaires are tax shelters, accountants will tell athletes to find a "foundation" so they can protect their income from graduated taxes......its a business move in many situation based on fiscal status of the person....which they get to enhance their public image as a result...……….so yes they don't have to have noble intent behind them.

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2 minutes ago, PghPanther said:

and most philanthropy work done by millionaires are tax shelters, accountants will tell athletes to find a "foundation" so they can protect their income from graduated taxes......its a business move in many situation based on fiscal status of the person....which they get to enhance their public image as a result...……….so yes they don't have to have noble intent behind them.

This is true. I used to be close to some NASCAR people, I don't know how but we got to talking about finances. He told me it was cheaper to spend the money than to sit on it, because of taxes. 

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