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How Romney Used His Church’s Charity Status to Lower His Tax Bill

posted on November 1, 2012

Alex Seitz-Wald at Salon reports on Republican presidential candidate Mitt Romney’s donations to the Mormon Church. Seitz-Wald finds that many believe these donations to be an attempt to exploit a tax loophole, “which allows someone to park money or securities in a tax-deferred trust marked for his or her favorite charity, but which often doesn’t pay out much to the nonprofit.” 

Read at Salon