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Originally Posted by SomeCreep
Now how many billions of dollars do you think having this chairty saves him in taxes? So the way I see it, if he didnt donate the amount of money that he does, the government would take all or most of it away in taxes anyway. Bill Gates is motivated purely by politics.
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Hey SomeCreep... tax deductions don't "save" you money. They allow you to spend money, without otherwise incurring taxes on that same money.
This doesn't make you money. Let's take Bush's SUV tax-break for example. So you go and buy an $80k SUV... it's not a free SUV. And you still spent $80k out of your pocket. You aren't saving anything, or making anything... in fact, you'd be losing money like a crazy bitch... you just don't have to pay taxes on that $80k.