Once money goes into a charity, it is tax exempt, so that's a benefit you get. And in return, you have to use the assets of the charity to serve the public good. So if Trump is using this money basically to save his businesses, the money isn't helping people. That's a violation of the letter and the spirit of law.
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"Once money goes into a charity, it is tax exempt, so that's a benefit you get. And in return, you have to use the assets of the charity to serve the public good. So if Trump is using this money basically to save his businesses, the money isn't helping people. That's a violation of the letter and the spirit of law." — David Fahrenthold #moneywealth
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Once money goes into a charity, it is tax exempt, so that's a benefit you get. And in return,…
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Once money goes into a charity, it is tax exempt, so that's a benefit you get. And in return, you have to use the assets of the charity to serve the public good. So if Trump is using this money basically to save his businesses, the money isn't helping people. That's a violation of the letter and the spirit of law. — David Fahrenthold
About David Fahrenthold
David Fahrenthold was a Journalist from American (1978–present).
Frequently Asked Questions
Who said "Once money goes into a charity, it is tax exempt, so that's a benefit you get.…"?
This quote is attributed to David Fahrenthold, a Journalist from American.
When did David Fahrenthold live?
David Fahrenthold lived from 1978 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.