Caitlin Clark provides hundreds of Des Moines public school kids with back packs and school supplies
- Thread starter NotAFairCatch
- Start date
While certain players spend their time posting on social media complaining, CC is out in the real world making real change. This is a great gesture that I'm sure helped numerous families.
Yep.
Not sure if she's getting any public relations advice or if she's just that outgoing, but she's absolutely killing it from the social side of things.
Her corporate sponsors must be ecstatic.
I think he was making a general statement, though I think many athletes do projects like this. Everything Clark touches is news, so it gets out there whether she wants the good publicity or not..
Good for Caitlin! She is a true humanitarian.
I mean good for CC and good for these kids but it’s silly to think that events like this aren’t coordinated with and/or by her Nike sponsors.
I’m not trying to be a cynic because I’m as big a fan of CC as anyone. Just trying to be clear eyed about things like this; CC is awesome and genuinely cares about this stuff and these people but we don’t need to declare her a saint, either.
Agreed, And like you I'm as big a CC fan as anyone and think she's shines a light wherever she goes. Not like Clark is in the financial stratus of Mahomes or his ilk, but I've always found it a bit self serving when the extremely wealthy get lauded for their philanthropy. For most its simply a way to protect their wealth from the IRS, or risk losing a larger percentage. Its not something any half way decent person wouldn't do if they had more money then they could spend in 5 life times.....
Well at least we know who has never made any money and has no clue how taxes work.
Lololol.. You have to be one of the most clueless posters on here who thinks they know all about other people they've never met. I'll retire next year, and I'll be just fine thanks. My two youngest sons are high level accountants. The youngest was the tax manager, and is now the controller for one of the largest bank groups in the midwest, here in KC. He's being mentored by the CFO, and may end up in that position by the time he's 40. If you really think that the super wealthy don't do a lot of what I said, then your the one who's clueless....
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Of course they write off their giving on their taxes. So if you write off a million…you basically are just not paying taxes on that million. You are not getting that money back….you just have less taxable income.
Say your taxes are 30%. You don’t pay the extra 300,000 in taxes. You also do not have the extra 700,000 you would have had if you had paid those taxes.
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My tax professor in law school used to get all gaga talking about avoiding taxes by creating deductions. I wanted to raise my hand to say "but you have to throw money out the window to get there" I never could figure out how someone benefited by spending $5000 to save save 1,500 in taxes. Seemed like marching backwards to me.
There are many ways that the super wealthy avoid paying taxes. I doubt we'd want to spend that much time on this website going over them......
Yes…but they are not deductions….which is what you started with as if it was some magic way to get over on the IRS….and I promise ya, you get rid of the taxes the top one percent of the one percenters…you don’t need to worry about a government shutdown. There is no money to keep anything open.
Either way…going to go out on a limb and guess Caitlin is not doing some devious tax dodge by handing out a few thousand dollars worth of school supplies. Packing the backpacks is way more work than buying the stuff to put in them. Last one of those I did was 4,500 backpacks. Took days to set up, and a team of 50 volunteers about 8 hours to fill them.
I don’t give a rip if she did or didn’t get a tax break. She took time out of her very busy schedule and made some kids’ day. Good for her and anyone affiliated with this.
The way someone could get a break by giving away property is to donate appreciated property. For instance, I recently donated $10,000.00 in appreciated in which my basis was about $3,500.00. If I had sold the stock, I would have had to reported a $6,500.00 capital gain. By donating the appreciated stock, I got a $10,000.00 charitable deduction and did not have to report any capital gain.
Her willingness to do the positive social side of things is part of the reason why corporate sponsors want to attach themselves to her.
There are plenty of ways to get deductions that don’t cost you money..,even in your case if you had sold the stock and had to pay capital gains on 6,500 you still end up with 3 or 4 thousand more in your pocket.
This is why I check out the "new" womens BB forum. Caitlin Clark tax analysis and opinions on her philanthropy.
It is not that complicated people. Carving out time from her day to give back to the community. If you also believe she just traveled there, showed up, passed out backpacks and ran back to Indy, you are sadly mistaken. Planning, networking and organization occured to make it happen.
People like her make me proud to be an Iowan.
It is not that complicated people. Carving out time from her day to give back to the community. If you also believe she just traveled there, showed up, passed out backpacks and ran back to Indy, you are sadly mistaken. Planning, networking and organization occured to make it happen.
People like her make me proud to be an Iowan.
