Daily Shaarli
October 13, 2023
Billionaire Charles Koch, who will turn 88 on November 1, is funneling his wealth into two secretive organizations that can continue his right-wing political advocacy for years. Koch structured more than $5 billion in donations to exploit a loophole to allow him to avoid paying capital gains or gift taxes. It's not surprising that Koch is familiar with the loophole — he spent hundreds of thousands of dollars lobbying to create it.