• AllCatsAreBeautiful [he/him]
    ·
    2 years ago

    Tax deductions on charitable donations like the ones we make are not what rich people care about. There's much better ways to turn a profit or launder money with nonprofit donations than flat out donations. Even better though, this new nonprofit isn't actually a 501(c)3 so donations don't qualify for charitable deductions. They're a 501(c)4 (there's so many different nonprofit structures holy shit) and the big operational difference is that c4's are allowed to lobby politicians.