How’s that for a fun new federal tax scam to help the super-wealthy? “Donate” $10 million in stock to charity, purchased for $6 million — then get all $10 million back in tax credits and avoid more than $1 million in capital gains taxes. Massive benefits for already rich individuals — you gotta love it. And it’s all created by House Resolution 1 in Congress — the “One Big Beautiful Bill Act.” Kansas Reps. Ron Estes, Tracey Mann and Derek Schmidt all voted yes for it.
June 2, 2025
Kansas City Star: Tell Kansas’ Senators Not to Give Ultra-Wealthy a ‘Big Beautiful’ Tax Loophole | Opinion
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