Monday, June 08, 2009

More wealthy Americans donating through foundations - Business - Bradenton.com

More wealthy Americans donating through foundations - Business - Bradenton.com: "Instead of leaving behind large estates that are taxed heavily before distributed, the wealthy can give through charitable organizations and protect their portfolios from government taxes.

The current estate tax, often known as the death tax, charges all estates worth $3.5 million or more at a 45 percent rate."

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