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<h1 style="text-align: center;">is the new Zuckerberg fake charity an estate tax avoidance scheme</h1>
<h2>[WHAT]</h2>
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<li>]&nbsp;by Philip Greenspun @ harvard.edu - greenspun pontificates on the reasoning behind Zucks new 'charity'&nbsp;</li>
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<h2>[WHY]</h2>
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<li>]&nbsp;</li>
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<h2>[WHERE]</h2>
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<li><strong>] READ THE FULL ARTICLE</strong></li>
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<li>]&nbsp;<a href="http://blogs.law.harvard.edu/philg/2015/12/03/is-the-new-zuckerberg-fake-charity-an-estate-tax-avoidance-scheme/" target="_blank">http://blogs.law.harvard.edu/philg/2015/12/03/is-the-new-zuckerberg-fake-charity-an-estate-tax-avoidance-scheme/</a></li>
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<h2>[WHEN]</h2>
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<li>] 2015-12-03</li>
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<h2>[EXAMPLE auto summary by smmry.com]</h2>
<h2><span style="font-size: 10px;">Philip Greenspun's Weblog &raquo; Is the new Zuckerberg fake charity an estate tax avoidance scheme?</span></h2>
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<li>Mark Zuckerberg previously demonstrated an awareness of California family law by waiting until just after Facebook went public to get married.</li>
<li>I'm wondering if his new non-charity charity shows a sophisticated approach to estate tax avoidance.</li>
<li>The letter to our daughter works pretty well as comedy, e.g., "Medicine has only been a real science".</li>
<li>It also works pretty well as a dictionary example of "Optimism", with Zuckerberg imagining that a $1 billion annual budget is going to move the needle.</li>
<li>The non-charity charity is apparently organized as an LLC. Let's suppose that Baby Max owns shares in this LLC. If she acquires them today, before any Facebook stock or proceeds from selling Facebook stock are transferred in, she hasn't received anything of value and has no tax liability.</li>
<li>If those investments prove more productive than Zuckerberg's adventure in the Newark public school system, Grown-up Max will own a stake in something worth tens of billions of dollars.</li>
<li>What do readers think? Is this all about doing good or more about avoiding the world's fourth-highest estate tax rates? Can it truly be this simple to say goodbye to $18 billion in federal estate taxes?</li>
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<h2>[HOW-TO]</h2>
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<li>]</li>
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<h2>[REFERENCE]</h2>
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<li>] SRC = hn, <a href="https://news.ycombinator.com/item?id=10674297" target="_blank">comments</a></li>
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<h1 style="text-align: center;">&nbsp;</h1>

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