Billionaires May Get Tax Break for Donating Stock to Trump Accounts
BeInCrypto
The Trump administration is discussing allowing wealthy donors to contribute appreciated stocks to Trump Accounts to gain significant tax advantages.Summary
The Trump administration is reportedly considering a proposal that would allow wealthy donors to contribute company shares to "Trump Accounts," a federal child investment program. By donating appreciated stock rather than cash, donors could potentially avoid capital gains taxes while claiming full charitable deductions at market value. While proponents like Brad Gerstner advocate for this, the plan faces scrutiny as it would require new legislation. Major private capital commitments from figures like Michael and Susan Dell have already been made to the program, but the expansion into stock donations remains an unconfirmed legislative possibility.
(Source：BeInCrypto)