[kittenfluff]

That article is wrong on quite a few key points, and misleading on others.

> Mark will deduct the fair value of his gift to his foundation from his taxable income in the year he makes the donation.

No he won't. The new foundation is an LLC, not a charitable foundation, so he's not eligible to take a tax deduction on it. And even if he was -

1. Giving away 99% of your wealth to save tax on the income from the other 1% is a really dumb way to save money, and

2. They don't have very much taxable income anway - just their salaries, and any capital gains they realise if they sell any Facebook stock.

> Mark Zuckerberg will transfer ownership of his Facebook stock without paying capital gains taxes.

Well, yes - you pay capital gains taxes when you sell something and realise a profit. Since he is not selling his shares, he is not realising a profit, and therefore is not liable to pay taxes on them. Nothing wrong with that!

[WalterSear]

This is about legally being able to buy politicians via lobbying, not about diddling taxes.