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Why do American rich people like to donate to foundations?
Because this is a typical fame and fortune. When the rich in China heard that Bill Gates and others donated 99% of their personal wealth, they were shocked or ashamed, and set off a wave of worshipping the noble character and morality of western capitalists in China. The money donated to the foundation in the United States is pre-tax property, and the benefits of tax evasion do not stop there. According to American tax regulations, these donated money can allow donors to enjoy a maximum personal deduction of 20%, which will continue to be valid for five years.