Can be removed from heavy taxes, and receive social reputation of the charity
Do not like to tax it, from Bill Gates fund category has been confirmed – non-operating private foundations. This is the United States Internal Revenue Service (IRS) for the rich a tax law enacted by the rules, ordinary income can never reach, this regulation is the 501c (3) terms. According to the terms established by wealthy American non-operating private foundations, can be completely tax free. This can remove heavy taxes, and receive social reputation of the charity, why not?
Most of the wealth owned by Bill Gates, Microsoft’s stock, worth about 500 billion U.S. dollars. Hundred years later, as if the estate passed to his sons and daughters of wealth, according to U.S. law required to pay estate taxes. How much tax you know? 50% down! When the effective date of the transfer of property rights to the closing price of tax accounting, tax day. In other words, the heritage of his children received the same day, must pay $ 25,000,000,000 in cash inheritance.
How can so much cash Bill Gates, he can not sell the stock. Traditionally, large shareholders to sell shares must be made through board of directors. If Bill Gates insists on selling shares to the children, then Microsoft’s stock price will plunge into junk stocks are also possible. Then the shares held by his children, are there any value? Wise, is to transfer the stock donated to a fund named after him.