220. Partner with charities - Pay zero personal income taxes or zero corporate income taxes - Tax loophole for companies

As you know, if you donate to charity, you can tax deduct it from your personal income taxes or corporate income taxes. Like you have to pay $10,000 in personal taxes, you donate $10,000 to charity which you tax deduct and you need to pay $0 to the IRS.

Same for companies, you have to pay $1 million in taxes, you donate $1 million to charity which you tax deduct and you need to pay $0 to the IRS.
You can also donate personal shares of a public company to charity, like Elon Musk donates money to World Food Program with personal shares and tax deducts it from his personal income taxes.

So people and companies can bring their tax bill to $0 by donating to the World Food Program, Unicef, (American) Red Cross or other charities.

Also, companies can start their own charity, like for example the Tesla charity or Amazon charity, and can tax deduct the corporate income taxes with donations towards their charity, which in turn donates to their favorite charities. Would you be willing to buy more; a car from Tesla if 1% of sales goes to charity, or would you be willing to buy more from Amazon if 1% of sales goes to charity? Of course, it would affect buying decisions by customers and more sales revenues for the companies.

The World Food Program can create partnerships with private and public companies that they are allowed to market their products, and sales and marketing as partners of the World Food Program. Which in return, increases the corporate revenues and as well reduces their corporate tax income, it is a charity tax loophole for companies.

Also people can create their own charity organisation, like they ask $29 per month for charity, $15 stays as profit in the charity and $14 goes towards the charities of choice.

Like donate $100, $50 is kept as profit for the charity, $50 goes towards the charities of choice.

Also, any website can sponsor the World Food Program, Unicef or American Red Cross, and people will share their website (on Facebook, Twitter, etc) because they share a good cause and their website grows automatically and faster (like I am doing with this website). Some charities may offer affiliate commissions, then you can make money as web owner by sponsoring charity.


Also check out idea nr. 90: $$$ >> Make $2,000+ per month Become an Make-Money-Become-Millionaire consultant!

< Back to list
Please tell your family and friends about this website! Share on Twitter & Facebook!



Please also check out these millionaire-ideas:

77.$$$ >> Make $1 million+ over 20-30 years Become a millionaire Purchase foreclosed properties, renovate them, and resell them for profit or rent them out

118.$$$ >> Make $1 million in 24 years investing $1,000 per month in dividend stocks

148.$$$$$$$ >> Make 100% return per year on the stock markets with FinViz stock screener - Turn $5,000 into $600,000+ in 12 months time!

154.$$$$$$$ >> How to turn $100 into $1 million in less than 2 years time on the internet - Fastest way to become an internet millionaire!

Don't have a job? No problem!

140.$$$$$ >> Make $1,000+ per month - Make $30/hour testing websites

141.$$$$$ >> Make $1,000 per month - Make an easy $1,000 per month online

124.$$$ >> Make $1,000 - $10,000 per month with TaskRabbit
Please tell your family and friends about this website! Share on Twitter & Facebook!
You like this idea? Please share this idea with your family and friends!
>> GO BACK TO LIST <<
Please visit this website daily and share this awesome website with your family and friends!
Tell your family and friends, about this website, and ask them only $200 per month for you reviewing the hundreds ideas of this website with them and become their financial adviser! You get 10-30 clients in no time and you make $2,000-$6,000+ per month in no time!
This website is a financial goldmine! Please check all 241 ideas and you become millionaire!
CONTACT US
Share this website on Instagram and on your website!
Please share this website with family and friends, on Facebook, Twitter, Instagram, by Email, by SMS to help them become financially successful and financially free. Many ideas are $10,000+ per month make money ideas. Keep on reading...
BACK TO OVERVIEW/LIST
You like this idea?
Then bookmark
this webpage!