Rebirth Capital Entertainment

After watching Carson get busy, Kaos turned to look at gold futures again. After withdrawing from rb foreign exchange, a large amount of funds returned to gold futures again, and it happened to be the summer of another year.

It also allows Kaos to operate wholeheartedly.

This made Kaos spend a lot of money during this period, but it was far less than the income from the futures market. Moreover, the bigger expense was not the money spent by Kaos himself, but

U.S. taxes.

Tax filing time in the United States is in April. Tax payment is in July. The income after tax filing will be accumulated until next year. However, even so, Kaos paid 110 million U.S. dollars in taxes in July. It is equal to 280 million U.S. dollars in Indonesia.

, suddenly reduced by nearly half.

Based on the current US$420 million in Kaos's account, in addition to the tax that has already been paid, I am afraid that as there are more funds in the account next year, more taxes will be paid.

Fortunately, as long as company shares and listed company shares are not sold, there is no need to pay taxes. Otherwise, according to this tax rate, Google's shares are currently worth nearly 4 billion, and Kaos would never be able to collect enough money to pay taxes.

Kaos began to understand why American rich people care so much about tax avoidance. If you do well in tax avoidance, it will be easier to grow your wealth than doing business seriously.

To this end, Kaos has established a charitable foundation named after himself, the Kaos Jones Charitable Foundation, in accordance with the accounting firm's proposal.

In the past, Kaos was very surprised that wealthy Americans were using charitable foundations to avoid taxes, but why didn't the wealthy put all their assets into charitable foundations at once? Many of them have always been regulars on the Forbes rich list.

However, after talking with the accounting firm, Kaos also understood that it is not easy to run a charitable foundation.

Many people know that wealthy Americans use charitable foundations to avoid taxes, but few know why people like Bill Gates donate their wealth in batches instead of doing it all at once.

In fact, there is a very simple reason here. The U.S. government is not a fool. It stipulates that 5% of donated assets must be spent every year. This money does not matter whether you are spending it or actually doing charity.

Under such regulations, that is to say, if you donate 10 billion U.S. dollars in assets, you will have to spend at least 500 million U.S. dollars in fixed expenses that year and every year thereafter.

But there is a big problem with this, that is, if you donate cash, it is fine, just spend 500 million directly, and use the rest for investment and appreciation. But most rich people’s assets cannot be all in cash.

Even more bulky are assets such as stocks.

If you donate stocks at this time, the charitable foundation will need to sell part of them to raise US$500 million for charity and normal expenses.

And this requires you to sell some stocks every year to raise the required 5% of expenses. Such behavior will inevitably lead to the reduction of your control over the company as the number of stocks in your hands decreases.

This situation is something that all wealthy people do not want to see, so the establishment of a charitable foundation has become a long-term task, requiring the transfer of assets bit by bit.

Take the Kaos Jones Charitable Foundation in Kaos. The first donation it received was US$350 million in cash. These donations can deduct 30% of next year’s tax for Kaos, which is about US$105 million.

about.

Now, although the 350 million has been donated in name, it actually belongs to Kaos and can be used to buy various real estate, cars, and yachts to enjoy life.

However, it is naturally impossible for Kaos to do this when there are still more assets that need to be invested in charitable foundations.

So far, Kaos’s most valuable asset is 5.3% of Amazon shares, worth US$263 million. Next is 63% of Google shares, now worth US$3.73 billion. However, because the company has not yet been listed, this part cannot be exchanged.

If it becomes a stock, you cannot make a donation and put it into the Kaos Jones Charitable Foundation.

By the time Google goes public and can be donated, the value of the stock will have risen to several billion to nearly 10 billion U.S. dollars.

Taken together, the Kaos Jones Charitable Foundation needs to spend 4.5 billion in cash a year. If the amount is not enough, it will only be able to sell the stocks of the two companies.

However, regardless of Amazon or Google, the stocks of both companies have high appreciation potential in the future. Kaos is naturally unwilling to sell, especially the sale of Google's stocks. Too much stock will seriously affect his control of the company.

The best solution for this is for Kaos to use the 350 million donated now to try to increase the value of the stock to pay for future stock expenses.

This is because Kaos has the ability to predict the futures market and is very sure of investment profits. At that time, the money earned from investment will be used to pay for the annual expenses of the stocks of the two companies, thus eliminating the trouble of selling stocks.

If you are like the average wealthy person, it will be even more troublesome and complicated if you want to protect the company stocks in your hands and use a charitable foundation to avoid taxes.

If you don't have good business and money-making ability, then the charity foundation is not a good development direction, and it may even make you bankrupt early in the end.

Because in the operation of this charity system, although the rich have reduced taxes, they also need to work harder to make the charitable foundation make money. In the end, the charitable foundation needs to spend 5% of the money earned to continue to do charity or

Normal expenses.

Whether it is charity or normal expenditure, even if the rich use the money to enjoy it, it will greatly stimulate the market economy.

This allows more consumers to circulate in the market.

This is actually in line with Western capital culture, which is to use various methods to stimulate people's consumption. The same is true for charitable foundations, which constantly encourage the rich to engage in crazy high consumption.

Maybe some rich people have earned more wealth through high consumption, but logically speaking, these wealth also need to continue to consume like this, and keep making money and spending money like this until one day in the future they collapse due to poor management.

It can be said that the U.S. government will not care how many real good deeds such charity activities have done in the end. Capital has never been kind and will not give charity to the poor. It is just a snowball that keeps repeating.