- 4,464
- Azle, TX
- supermanfromazle
- SanjiHimura
Firstly, I wasn't really accusing Bernie of laundering Soros's money. What I was accusing Sanders of was accepting funds from those who have accepted Soros money. To explain in brief how Soros is now slapped with a $7 billion tax bill that he won't pay (we go to jail for tax evasion for millions less), he funnels money around to certain organizations as a tax write off (as a guess, I would say that around 3% of his total networth is treated in this fashion).
The organizations that received the money would, consequently, have to pay the income tax, or in other wise account for that money if they are non-profit. As a result, that money gets shuffled around between them, to the point where the IRS can't keep a clear record of it.
In summary, Soros gets the tax benefits for donating to a non-profit, but the government can't tax it.
The organizations that received the money would, consequently, have to pay the income tax, or in other wise account for that money if they are non-profit. As a result, that money gets shuffled around between them, to the point where the IRS can't keep a clear record of it.
In summary, Soros gets the tax benefits for donating to a non-profit, but the government can't tax it.