The Charity of American Millionaires [9]
论文作者:佚名论文属性:短文 essay登出时间:2009-04-17编辑:黄丽樱点击率:21473
论文字数:6484论文编号:org200904171540455686语种:英语 English地区:中国价格:免费论文
关键词:American millionairecharitable donationcharity foundation美国富豪慈善捐助慈善基金会
from a detached and disinterested generosity, ……out of affection, respect, admiration, charity, or like impulse,……And in this regard, the most critical consideration as the court was agreed in the leading case here, is the transferor’s “intention” ……what controls is the intention with which payment, however voluntary, has been made. ” (Kevin E.Murphy Mark Higgins, 1998: P46) “Of deduction, it is a subtraction in the calculation of taxable income. Some deductions are subtracted from gross income in computing adjusted gross income (AGI), while others are subtracted from AGI in computing taxable income about charitable contributions.” (Gwendolyn Griffith Lieuallen, 2003: P91)A tax payer may deduct contributions to certain qualifying organizations, subject to certain limitations. And someone’s legacy is more than 3 million dollars. He must pay 1.5 million to the government. This stipulation limits inheritance in some degree. In addition, if people donate much money, they will get deduction of 10%. This deduction encourages millionaires to donate.
So, we can understand doing charities is supported by law. Especially millionaires’ charity activities are affected. For these millionaires, they have great wealth. If they give their wealth to their descendants, they have to lose half of their possessions. But if they donate some of their wealth, they not only earn praise, but also help others and feel satisfactory.
C. American Millionaires’ Going After Other Things Besides Bread
Many people found it hard to understand why American millionaires labored so hard to acquire wealth, and then gave so much of it away. The answer may be “guilty” or even “pride”.
For millionaires, they had enough money to live, and then they need to think how to use it. Besides bread, what they do want to get? Some millionaires knew the answer, especially Andrew Carnegie. He was known as the king of steel and built the steel industry in the United States. He was also the father of charity. He thought that there are but three modes in which surplus wealth can be disposed of. It can be left to the families of the decedents; or it can be bequeathed for public purposes; or, finally, it can be administered by its possessors during their lives. The first is the most injudicious. He thought such bequests are an improper use of their wealth for the best interests of the members of their families and of the state. Not only Andrew Carnegie thought so, but Bill Gates also knew that. He did not believe inherited fortunes, perhaps because of what he witnessed in the “litter Rick boy” colony at Newport, Rhode Island. Here the sons and daughters of wealthy New Englanders built themselves “summer palaces” where they lived in indescribable luxury for only seven weeks of the year.
As to the second modes, that of leaving wealth at death for public uses, it may be said that this is only a way for the disposal of wealth. “The cases are not few in which the real object sought by the testator is not attained, nor are they few in which their real wishes are thwarted. In many cases the bequests are so used as to become only monuments of his folly. It is good to remember that it requires the exercise of not less ability than that which acquires it, to use wealth so as to be really beneficial to the community. Besides this, it may fairly be said that no man is to be extolled for doing what he can not help doing, nor is he to be thanked by the community to which he only leaves wealth at de
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