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Max Weinberg's avatar

Billionaires (and those close to it) benefit mightily from donating -- read here for more. This is why tax rates matter read more here: https://ips-dc.org/the-true-cost-of-billionaire-philanthropy-how-the-taxpayer-subsidizes-stockpiled-wealth/#:~:text=For%20every%20dollar%20a%20billionaire,gains%2C%20estate%20and%20gift%20taxes.

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