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BTW Foundation created to avoid paying taxes?


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I LOVE GGD

I was watching The Great Contemporary Art Bubble on YouTube. A documentary about the art world and its many tricks under the sleeve when at 31:22 I saw something that brought a huge cloud to my mind; rich people create their foundations to avoid paying by giving donations (money or other forms) to their own private foundation, money that is forgiven to the rich people "donating" but that the rest of its people still needs to pay with their own taxes. Can Gaga be doing that?

 

PS Guys and gals PLEASE don´t be triggered. I am not saying she actually IS doing it for that purpose. I understand the implications of what I am writing that´s why it´s a question not an affirmation.

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CautiousLurker
2 minutes ago, Guapo said:

Can Gaga be doing that?

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Honestly tho, I'm not touching that subject on a Gaga fan site, you have fun tho :selena:

 

It's a joke! When you give me that look, it's a joke!
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Evan Peters

the whole concept of thinking every rich person who helps the less fortunate is only doing it for monetary gain is so try hard

emma roberts is an abuser
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GaGaAst

Most of the foundation's by rich people are created for tax avoidance or tax evasion. But few are genuine efforts for a greater cause like Leonardo DiCaprio for saving the nature. Gaga too falls under the same category who wants to help and HAS HELPED millions of people. So no she did this for impact.   

Love it when you call me legs In the morning, buy me eggs
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Guest Adarsh

Can we stop with the conspiracy theories? If you’re bored, go read the comments on Gaga’s latest posts. 

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I LOVE GGD
1 minute ago, Adarsh said:

Can we stop with the conspiracy theories? If you’re bored, go read the comments on Gaga’s latest posts. 

PS Guys and gals PLEASE don´t be triggered. I am not saying she actually IS doing it for that purpose. I understand the implications of what I am writing that´s why it´s a question not an affirmation.

I did not say anything against you personally :kiss:

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The verifiable truth is that we don't know for sure because we don't live with her or are part of her team, but her socio-political position and charity work is very benefitial, so the answer is "she could be for all we know but we wouldn't care because she helps the world more than takes from it" 

ice heard one side from above
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ChicaSkas

This probably wasn't the best forum to raise that question on. I know you said not to be triggered -- but honestly -- she just raised 128 Million bucks to fight coronavirus. She's gone from a one bedroom apt 15 years ago to being a philanthropic worldwide superstar. There's no reason to believe she's hoarding money in her own foundation. Sure others might like rich Republicans but this is Gaga we are talking about here. 

 

Do YOU own the 4' by 6' Perfect Illusion promo Poster? Will pay you for it. Pic: http://i.imgur.com/UWuzumk
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