"The median net worth of Americans under the age of 35 is 7000$. If a person with that net worth were to donate 75 dollars to charity then they - in relative terms - would be a bigger philanthropist than Jeff Bezos. However, they won't get the word philanthropist next to their name.
In fact, it's even worse. A person with a net worth of 7000$ is pretty much living paycheck to paycheck (hope you don't fall and break a leg!), so a donation of 1% of their net worth will have a way bigger impact on their daily life than a 1% donation for Jeff Bezos would.
Also don't forget that Jeff Bezos will see some return on his "charitable donation". Not only is his donation tax deductible (even though amazon doesn't pay any taxes anyway), it is also a PR stunt. Have you ever noticed how all the millionaires and billionaires have the word philanthropist next to their name when they get interviewed on tv? Or on their wiki page. It's quite hard to find a really rich dude without the word philanthropist on their wikipedia page. In the future when he gets pressed on how its incredibly unethical to be that rich, he'll simply point to that one time he did a big donation to charity. It's all calculated." ~ #reddit#amazon#bezos#boycottamazon#shoplocal#madeinchina#supportindiemedia#indiemedia#supportjournalism#journalism#mayitbeofbenefit#taxes#homelessness#education Share your story: elephantjournal.com/submit (Elephant welcomes all voices, as long as respectful)
Regrann from @beardbros_pharms - It is really no secret that the Church of Jesus Christ of Latter-day Saints dominates many aspects of life in the state of #Utah.
So as the state looks to join 30+ others by passing their own medical marijuana laws in the fall, maybe it shouldn’t come as a surprise that the #LDS#church is using their #unrivaled#power to oppose the proposed new regulations.
Sure, there’s that whole “Separation of church and state” thing, but that’s from so long ago, right?
The LDS church rakes in over $8,000,000,000 every year just on the 10% tithing that they squeeze from their flock. That doesn’t count the revenues and profits from their myriad of investments and ancillary streams of income. The best part for them is that they don’t even have to #pay any #taxes on that #money.
But, that foundational plank of American democracy always came with a caveat.
"You can keep your holy underwear and your precious dollars, but you gotta stay the fuck out of politics"*
*not an exact quote from a Founding Father, but close enough
In fact, it’s not just churches, the law stands for all 501c3 “non-profit” groups that do not pay federal taxes. In 1954, the Johnson Amendment was added to U.S. Tax Code and it prohibited these groups from opposing or supporting any political candidate or policy position.
Earlier this year, begging for their support in the upcoming midterm elections, President #Trump told a group of religious leaders that he did away with the amendment - he lied.
Clearly, the #Mormons never got the message, or more likely, just continue to stuff hundred dollar bills in their ears and ignore it.
Continued at www.beardbrospharms.com
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Conoce los errores que puedes cometer cuando eres un emprendedor sin experiencia, quiz's esto te ayude a evitarlos💰💸
1️⃣-Invertir demasiado al inicio en recursos
2️⃣-Preguntar al cliente inadecuado
3️⃣-No saber qué se vende
4️⃣-Saber cuándo parar
5️⃣- El trabajo en equipo
There will be no personal exemption amounts for 2019 as part of the TCJA. Normally, individuals were allowed one exemption for yourself if you were not able to be claimed as a dependent, your spouse if filing jointly, and for each of your dependents but that will no longer be the case come tax season 2019. 🚫 #taxtiptuesday