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Tim Cook Donates Almost $5M Worth of Apple Shares to Charity
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Why should I give to charity? I show my generosity by demanding other people give more and be taxed more!
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Well it is deductible tax expenses, so how much does he end up paying in the end?
Nice gesture though, but it's not much more than that. In general a society will be better off if the rich would pay more in taxes, donations are in general just, well donations.
Nice gesture though, but it's not much more than that. In general a society will be better off if the rich would pay more in taxes, donations are in general just, well donations.
Are you also gonna report: Tim cook filed his taxes today? It’s kind of the same news...
This would never have happened under Steve.....
Nice one Tim, a class act, respect.
Nice one Tim, a class act, respect.
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Actually, I, too, have donated thousands of Tim Cook’s shares to charity.
Happy to discuss, if I'm a similar public figure, running a public company & donating to unknown organizations,..oh &.on the same wage. Deal?
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Paying it back, commendable.
We have all contributed,..where do you think the money came from, thin air?
Then your opinion is irrelevant. You have no say on his charity stuff as you are not a similar public figure.
The article says Cook plans to donate it all eventually. Frankly the guy is pretty frugal relative to his bank account. Pretty modest.
Yeah, if you don't have a certain amount of income then you typically don't have to pay taxes on it. So by only making a $1 salary he likely owed less income taxes than he would have had he had a $1 million salary.
But being paid through RSUs rather than with a cash salary didn't allow him to avoid paying income taxes. They are treated the same for income tax purposes. He owed income taxes on the $640 million plus worth of Apple shares that vested for him in 2006 the same as he would have had he been paid that much in cash. Indeed, nearly $300 million worth of those shares were withheld by Apple to satisfy tax withholding requirements.
Meanwhile a few days ago when someone said “tim’s greed is never end” probably offered a designer an insulting budget of $50 to make a logo for his company.
I give every bonus I’ve ever gotten:
$3000 our of 5000 last year!
I live alone have been unemployed 9 months in the last 12mths and I still give some to my 20yr old son. I’ll never stop being a father and I’m proud. My income has never been more than $56k/yr and sustainable more than 4yrs in the last 20yrs.
I’ve bled and starved for months when my family was really in bad financial shape, and I did it while getting an education suffering insomnia and barely weighing 130lbs. And I’d do it all over again if I had to because that’s what a loving man does for his family even if it became broken months before that. My family I grew up with also broken and poor. Yet I still find a way to donate to cancer charities and this October will make my rock climbing attempt down the side of a building if I can raise funds.
I’ve never aspired to be rich, nor greedy and worked every damn penny I’ve ever owned. If you want to search history of my posts going back 6yrs you’ll find that less than 20yrs ago I was homeless then.
I’m not earning millions per year. I’m also not the focus of a trillion dollar valuation of a global company. Also I never stated I’d give all my wealth away and yet waiting to do so systematically.
I’ve also volunteered feeding homeless in a shelter many times with my former Jiujitsu gym here in Toronto.
So. What have YOU done for your community and for charity. Answer the same questions you’ve posed to me.
http://www.dailymail.co.uk/news/art...ey-charity--critics-accused-doing-enough.html
- Apple CEO Tim Cook said that Jobs donated $50million to Stanford hospitals
- U2 singer Bono praised Jobs for his 'invaluable' contributions to fight against AIDS
I would say, very classy of him, and I appreciate that he never had to tell what he did.
Funny how people pretend to know what he did or did not do....
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Oh yeah ... I don’t have a will because EI have no financial securities. I’m working towards it.
Many women I’ve met have turned me a blind eye cause:
No condo
No big dollars
No car
No house
But each and every day I can wake up proud and happy that I have self dignity, love, a good heart, and I’ve rightfully earned everything I’ve ever gotten good or bad. I can breathe, have all my fingers and toes, my two front teeth, my health and youth, a wonderful son whom I’ve done my best for him to be and he is already better in every way than I’ve ever been at his age. I’m not a statistic nor is he. If I die tomorrow - sure I’ll be sad if the things I’ve not yet accomplished. Regret I haven’t found a wonderful person to spend my lil happiness with and grow with, but I’ll be happy that nobody has a horrible thing to say about me or my actions from anyone who’s known me.
Can you say the same?
Can Tim say his actions didn’t hurt others because he’s delaying what he can do today which many of us cannot do - the ability to better the lives of hundreds vs just 1 person at a time?
Hmm.
Bs.
Maybe he wasn’t a buffet or Gates, but Jobs was charitable. He just didn’t report it. Your not required to if isn’t stock.
Donate it as soon as you get it, then. Nearly everyone who gets fantastically rich starts thinking about how to game the system no matter what their previous situation or political beliefs were. There are exceptions but they are the 1 in a million kind.
Even if his net worth is $1 billion-ish, $5 million would be 0.5%. But it isn't like that's the only charitable giving he's done. We know he's given shares of Apple stock before. And we wouldn't necessarily know about other giving that he's done. We only know about this because he's required to make a Section 16 filing with the SEC regarding the transfer of those shares.
I'd be curious what that $1 billion estimate is based on. He hasn't received (nearly) that much in compensation (after taxes) from Apple. But he may well have made money other ways, e.g. investing earlier income.
That said, he hasn't (on-net) shown signs of being personally greedy. He has, e.g., already voluntarily declined over $60 million in dividend equivalent payments that he was entitled to receive.