Mike Leavitt: Charity Begins With ME!!!
Denver papers over the weekend editorialized about Mike Leavitt’s dodgy family charity organization. Apparently if you create a charitable organization where you put your money it can be sheltered from taxes and you only have to actually donate up to 5% of the holdings for charitable purposes each year.
Leavitt’s organization hasn’t even been doing that amount up until recently and they have been using the charitable organization to finance Leavitt family business ventures too. Read the whole piece in either the Rocky Mountain News or Denver Post.
The whole thing isn’t really that big a deal…even though it looks bad. The Leavitt family has great lawyers who have set up an excellent shelter from taxes. I understand and would probalby do the same if I had enough money to justify setting something like this up. I just thought it was an interesting story to post on this boring Monday!
Hat Tip: Utah Policy Daily
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Hey, Jeremy… take a look at this article from National Public Radio
Comment by The Rundquist's — August 8, 2006 @ 11:03 am
Take a look at this story from National Public Radio: www.npr.org/templates/story/story.php?storyId=5590281
Comment by The Rundquist's — August 8, 2006 @ 11:16 am