01-17-2010, 09:14 AM
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Senior Club Cobra Member
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Join Date: Jul 2002
Cobra Make, Engine:
Posts: 15,712
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Not Ranked
It's long been known that the wealthy use "philanthropy" as a tax tool while reaping public admiration for their "giving". It's a smart investment, driven as much by their accountant as it is by the generosity. Nothing wrong with that up to a point. Sounds like this idea is recognizing where that "point" is.
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