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Fact (lemm.ee)
submitted 11 months ago by sag@lemm.ee to c/lemmyshitpost@lemmy.world
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[-] Mouselemming@sh.itjust.works -2 points 11 months ago

She gives away a lot. Food banks everywhere she goes, Tennessee tornado relief, a wide variety of gofundmes, etc.

[-] polygon6121@lemmy.world 18 points 11 months ago

That has probably only ever helped her gain more. There is a good reason why rich people like to start charities and give money. It's for publicity and as a tax write-off.

USA is the perfect country for getting rich and staying rich and getting richer. She could never have that kind of networth in any other country in the world as a pop act.

[-] Serinus@lemmy.world 9 points 11 months ago

as a tax write-off.

People DO understand that the top marginal rate is 37%, right? So when she donates to charity she pays 63% of that charity and gets $0 back directly. It's still spending money.

Unless she's getting a ~70% kickback of the money from the charity. But that's highly illegal. You have to be president to get away with something like that.

[-] li10@lemmy.ml 9 points 11 months ago

It’s probably not for tax reasons, but is 100% publicity. That’s all Taylor Swift™️ is.

She is essentially just a business that makes some decent commercial music, uses PR to develop a strong following and then monetizes the product.

I think her whole thing is fake and she just likes being the center of attention, not far off the Kardashians.

[-] polygon6121@lemmy.world 1 points 11 months ago

Thanks, that's a better way to put it. It is all in the interest of business. It obviously works great, because here we are discussing it, and some of us praising it.. !

this post was submitted on 08 Feb 2024
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