[TRUTH] BEHIND#VITALIKBUTERIN'S CONFIRMED NOT TO SELL $ETH
On October 17,#Vitalikshared on#Warpcasta#web3social network built on#Farcasterconfirming that you have never sold $ETH since 2018? Do you believe? 😅 - BELIEVE IT - BELIEVE THAT *** 😆
“If you see a post that says "Vitalik sends XXX $ETH to [Exchange ]", it's not actually me selling, but almost always me donating to some charity, non-profit organization profit or other project and the recipient sells it because they have to cover the costs. I have not "sold"#ETHfor personal gain since 2018.”
This share reminds me of an article sharing that today's billionaires use almost all of their assets for charity, instead of bequeathing them to their children and grandchildren.
For example, Bill Gates announced that he will donate 99% of his assets to the charity he runs
On the one hand, we talk about the humane meaning of these activities, on the other hand, we talk about taxes
In America, the rich can be exempt from high estate taxes when their children inherit their wealth by donating to charitable foundations, then making their children the shareholders behind the foundation.
According to US law, as long as the charity's annual donation exceeds 5% of the donated capital, the remaining 95% can be used for investments and they are tax-free.
Speaking of which, surely you believe that Vitalik has never sold his #ETH?
