Carlos Slim Helu - World's Richest Man?

[digitalsuperman]

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at least he gave some..i don't see it as strings attached..what if the tax deduction was offered to him by the state just to give back something out of appreciation... 29bln is quite a huge money.. with that tax deduction, bill can give more..

[Gwynhuever]

@digitalsuperman...bro...are you familiar with the loopholes of the tax deductible thing for charity contribution sa US? mag lisod man ko explain sa ako side....nya mora OT ra ba ni so I hope the thread starter will not mind...ako lang gi copy paste ang relevant portion sa article aron di kaayo ka ta-as ug basahon....mayta bro out of the goodness of their hearts ilang donation sama sa atong piso2...pero kaning mga dato kon mo donate usually because of the tax breaks they get...see below: (taken from the website of NCRP - National Committee for Responsive Philantrophy)

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It is a well-known fact (especially among the wealthy) that one can deflect taxes on much of one's income by donating certain percentages of that income to charity. However, as they always do, the wealthy have managed to find a loophole. In recent years there has been a disturbing trend in the number of people who have "donated" their money to support organizations. Wealthy businessmen donate the necessary sums to these support organizations in order to get their tax breaks. The assumption is these organizations will dispense the money to legitimate charitable organizations.


However, the system is inherently flawed. The members of each organization's respective board control the funds that come into the hands of these supporting organizations. The "donors" directly appoint these members and frequently place themselves at the head of the board. Once money is put into a supporting organization, they deploy a team of lawyers to conjure a legal melee that lasts until the closing of the fiscal year and be forced to actually pay as little as 5 percent of that money to charity. It would seem that wealthy businessmen can not only get their tax breaks, but also they can keep 95 percent of the money they were supposed to donate in the process.

George Kaiser, for instance, an Oklahoma oilman who has shrewdly amassed some $4 billion, set aside a sum of roughly $1 billion for charitable giving over the last five years. However, by inserting this money into a supporting organization, Kaiser was able to keep all but $3.4 million.

[Gwynhuever]

OT : ...also on the Bill Gates 29 billion donation...i find that a little off...considering pag 2003 he was only worth 40 billion...just wondering if that is the correct amount

[digitalsuperman]

@Gwynhuever:

thats bad..

[erwin_rommel]

OT : ...also on the Bill Gates 29 billion donation...i find that a little off...considering pag 2003 he was only worth 40 billion...just wondering if that is the correct amount

it was the sum total he gave to charity when he was already super rich till present. and i think bill gates has many proofs of his donations coz his foundation is transparent.
http://en.wikipedia.org/wiki/Bill_%2...tes_Foundation

[Gwynhuever]

@digital...mao bitaw bro....pero as i said maybe some really donate out of the goodness of their hearts...pero ka daghanan para tax break lang...that is why i posted the article above aron sad maklaro ba...kay mo bilib dayon ta nila ...nya wa ta kabalo sa real story diay diba....

@erwin rommel....i- transparent man jud na donations bro...kay aron ma claim tax break he he he

bitaw enough na ni about gates and his donations...kay OT man...if you wanna know more about this puede man mo mo google by yourself....back to the topic na ta...

sori po bosing omad....

[Sovabon]

Carlos Slim has a slim chance of making it to the top against Bill gates. He will be definitely at no. 2 on Forbes' ranking on the 2008. Abangan!

[yokam]

I wonder if these people still care if they get the number 1 spot or not..

[mata_hari]

is Mexico a third world country?

if it is...

that's ironic!

[Dorothea]

^mao gyud...it's like some sort of poetic justice nga ang mga Mexicans sa US are living in the "shadows of society", and yet, the world's wealthiest man is Mexican. How can you not love the irony of it all? LOL