#charitable contributions

Is Billionaire Philanthropy a Sham?

Remember when Jeff Bezos was showered with praise for donating $100 million to food banks last year? That may seem like a lot, and it is. But once you consider all that Bezos has raked in during the pandemic -- including making $13 billion in a single day in 2020 -- it’s a few hours of his earnings.  It’s not just Bezos. Billionaires like Bill Gates and Warren Buffet also receive lots of praise for their “generous” charitable giving. The truth about billionaire philanthropy is it isn’t charity. Its public relations, often used to cover up their exploitative business practices, shield their wealth, and deflect attention from all they money they pour into lobbying and campaign contributions to assure that their taxes remain historically low. 

These so-called “charitable contributions” are also tax-deductible, meaning you and I are subsidizing them. I don’t know about you, but I believe taxpayers should be deciding where their tax dollars ultimately go.

Christian service and ministry should glorify God and edify others. Glorifying God means our words and actions reflect positively on Him (1 Cor 10:31). Edifying others means we help and encourage them in their growth and development as Christian disciples (1 Th 5:11). Because we cannot live what we do not know, it’s imperative that we study the Bible for ourselves (2 Tim 2:15), and also benefit…

Rapunzel exhaled noisily. Can’t have been too busy? She was busy all the time! She made a point of it! Some people might call her high strung, but in reality, she didn’t want to slow down, because if she slowed down, she might start to think, and if she thought, well... let’s just say she didn’t want to think.

And here he came, not a care in the world. Probably got by on his looks, primarily. She might have spent a good chunk of her life not in the company of her family or their social class, but she’d quickly picked up on ways to identify a rich person, even at their most casual. He wore high-quality clothes. He kept buying things for the center (she wondered how big of a tax break he was going to get for all of this). And he kept flashing that stupid smile of his, like it was solve all his problems. Problems which he didn’t have. Not like the kids they were building the center for.

This holiday season, Bernhard Law Firm came together to support a local toy drive, delivering a trunk full of hundreds of toys to children in need. Thanks so much to the Miami community and Jackson Memorial for making this happen.

When time is running out, taxpayers can still find ways to save on income tax. Here are some straightforward options: Section 80C (ELSS, PPF, and Bank FD): Look at your current tax-deductible expenses like insurance premiums, children’s tuition, EPF contributions, and home loan repayments. You can invest in LIC, PPF, fixed deposits, or tax saver mutual funds to save tax under Section 80C, if you…

According to a lawsuit filed this week with the U.S. Bankruptcy Court for the District of Delaware, FTX lawyers are seeking to claw back $700 million from K5 Global Technology, its subsidiaries, and the firm’s founders. The attorneys allege that the defendants received funds without undergoing any due diligence, and FTX did not obtain “equivalent value.” FTX Pursues Legal Action to Recoup $700…