TAX REFORM, REVENUE INCREASES
ON TAX REFORM AND REVENUE INCREASES. I'LL MAKE A FEW COMMENTS FOR FOLKS TO THINK ABOUT AND FOLLOW UP WITH DETAILS LATER. I'D APPRECIATE COMMENTS IF YOU HAVE ANY.
1. Reform tax-free FOUNDATIONS. Too many foundations are simply tax dodging facilities with little benefit for what they claim to be their charter. Start with Warren Buffett and the Clintons. Of course, Buffett can't be reviewed without looking into the Gates Foundation that received $2 Billion from Buffett's late wife's stock in Berkshire Hathaway. Then examine Bill Gates' comments to the WSJ a couple of years ago that his foundation was ineffective at improving education as chartered. However, there is more.
2. Clintons. Money laundering and more with a reported 6% going to charity.
3. Review all "charities" to assess how much money is given for charitable work and how much for "expenses." Many, if not a majority are employment and benefit opportunities for people who run them. Set minimum (high) percentages to go for charitable benefits. Start with March of Dimes, Red Cross and continue. Not good!! More later!
4. Review and reform statutes for tax exempt churches with focus on mega-churches.