<div dir="auto">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.</div><div dir="auto"><br></div><div dir="auto">It’s a great cause and the world will benefit. But taxes on that transfer would also help a lot of people.</div><div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Thu, Sep 15, 2022 at 4:18 PM Sarah Read <<a href="mailto:read3@pdx.edu">read3@pdx.edu</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr">That is actually not true. The nature of the transfer was taxed, unlike other billionaires who have transferred ownership for a big tax benefit:<div><br></div><div><a href="https://www.nytimes.com/2022/09/14/climate/patagonia-climate-philanthropy-chouinard.html" target="_blank">https://www.nytimes.com/2022/09/14/climate/patagonia-climate-philanthropy-chouinard.html</a></div><div><br></div><div>Sarah</div><div><br></div><div><br clear="all"><div><div dir="ltr" data-smartmail="gmail_signature"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><font color="#666666" size="2" face="verdana, sans-serif">Sarah Read, PhD</font><div><font color="#666666" size="2" face="verdana, sans-serif">Associate Professor</font></div><div><font color="#666666" size="2" face="verdana, sans-serif">Director, Technical and Professional Writing </font></div><div><span style="color:rgb(102,102,102);font-family:verdana,sans-serif">Department of English </span><b style="color:rgb(102,102,102);font-family:verdana,sans-serif">|</b><span style="color:rgb(102,102,102);font-family:verdana,sans-serif"> Portland State University</span></div><div><span style="color:rgb(102,102,102);font-family:verdana,sans-serif">Vice-Chair, ACM SIGDOC (SIG Design of Communication)</span><span style="color:rgb(102,102,102);font-family:verdana,sans-serif"><br></span></div><div><span style="color:rgb(102,102,102);font-family:verdana,sans-serif">pronouns: she/her</span></div><div><font color="#666666" size="2" face="verdana, sans-serif"><a href="mailto:read3@pdx.edu" target="_blank">read3@pdx.edu</a></font></div><div><br></div><div>For info on the MTPW, check out our blog: <a href="https://psutechwriter.com/" target="_blank">https://psutechwriter.com/</a></div><div><img src="https://www.pdx.edu/university-communications/sites/www.pdx.edu.university-communications/files/psu_signature165x35.gif"><br></div></div></div></div></div></div></div></div></div></div><br></div></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Thu, Sep 15, 2022 at 12:30 PM Stephen Bernhardt <<a href="mailto:sab@udel.edu" target="_blank">sab@udel.edu</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div dir="auto">And, interestingly, not paying taxes on the transfer of billions.</div><div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Thu, Sep 15, 2022 at 1:15 PM Dragga, Sam <<a href="mailto:Sam.Dragga@ttu.edu" target="_blank">Sam.Dragga@ttu.edu</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">
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<p class="MsoNormal"><span style="font-size:11pt">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.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt">The letter is available at <a href="https://www.patagonia.com/home/" target="_blank">
https://www.patagonia.com/home/</a>.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt">Sam<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:9pt;font-family:Arial,sans-serif">Sam Dragga<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:9pt;font-family:Arial,sans-serif">Professor Emeritus<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:9pt;font-family:Arial,sans-serif">Texas Tech University<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:9pt;font-family:Arial,sans-serif"><a href="mailto:sam.dragga@ttu.edu" target="_blank">sam.dragga@ttu.edu</a><u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:9pt;font-family:Arial,sans-serif">1-806-543-6099<u></u><u></u></span></p>
<p class="MsoNormal"><u></u> <u></u></p>
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<a href="http://attw.org/mailman/listinfo/attw-l_attw.org" rel="noreferrer" target="_blank">http://attw.org/mailman/listinfo/attw-l_attw.org</a></blockquote></div></div></blockquote></div><div class="gmail_quote"><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div><div class="gmail_quote"><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><br>
</blockquote></div></div>-- <br><div dir="ltr">Steve Bernhardt<br>Bayside DE</div>
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</blockquote></div>
</blockquote></div></div>-- <br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature">Steve Bernhardt<br>Bayside DE</div>