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RyanGWU82 | 10 years ago

My understanding is that the founding of the Chan Zuckerberg Initiative has no tax implications at all. The only way that tax would be avoided is if the foundation sells some Facebook stock and donates the proceeds to accredited non-profits in the same year. But the exact same deductions would apply if the Chan-Zuckerberg family donated directly.

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david927|10 years ago

That's opaque; of course it's the same as if he had donated directly.

I'm not accusing him of illegal tax evasion. I'm accusing him, and Facebook, of legally not paying taxes. That it's legal, though, is of little consolation. Remember that it was legal to send Rosa Parks to the back of the bus, at the time. The criticism is directly that its legality is a poor veil and its morality open to debate.