[ATTW-L] the Patagonia letter

[Stephen Bernhardt]

Good catch! So that tax was on the shares they sold. As a percentage of the
wealth transfer, that is about 0.58%, less than one percent, if my math is
correct.

It’s a great cause and the world will benefit. But taxes on that transfer
would also help a lot of people.

On Thu, Sep 15, 2022 at 4:18 PM Sarah Read <read3 at pdx.edu> wrote:

> That is actually not true. The nature of the transfer was taxed, unlike
> other billionaires who have transferred ownership for a big tax benefit:
>
>
> https://www.nytimes.com/2022/09/14/climate/patagonia-climate-philanthropy-chouinard.html
>
> Sarah
>
>
> Sarah Read, PhD
> Associate Professor
> Director, Technical and Professional Writing
> Department of English *|* Portland State University
> Vice-Chair, ACM SIGDOC (SIG Design of Communication)
> pronouns: she/her
> read3 at pdx.edu
>
> For info on the MTPW, check out our blog: https://psutechwriter.com/
>
>
>
> On Thu, Sep 15, 2022 at 12:30 PM Stephen Bernhardt <sab at udel.edu> wrote:
>
>> And, interestingly, not paying taxes on the transfer of billions.
>>
>> On Thu, Sep 15, 2022 at 1:15 PM Dragga, Sam <Sam.Dragga at ttu.edu> wrote:
>>
>>> For a sample of a business letter that addresses ethical issues, read
>>> Yvon Chouinard’s message to customers in which he explains that he is
>>> transferring ownership of clothing company Patagonia to a charitable
>>> foundation dedicated to fighting the climate crisis.
>>>
>>>
>>>
>>> The letter is available at https://www.patagonia.com/home/.
>>>
>>>
>>>
>>> Sam
>>>
>>>
>>>
>>> Sam Dragga
>>>
>>> Professor Emeritus
>>>
>>> Texas Tech University
>>>
>>> sam.dragga at ttu.edu
>>>
>>> 1-806-543-6099
>>>
>>>
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>>
>>
>>> --
>> Steve Bernhardt
>> Bayside DE
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>>
> --
Steve Bernhardt
Bayside DE
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