The Billionaire's Tax Write Off: A Reflection on Philanthropy and Policy The recent purchase of the Ferrari Luce by 87 year old Dr. Herbert A.
Wertheim has sparked a discussion about tax write offs for philanthropists in the United States.
At first glance, it appears to be a clever move by Wertheim to exploit a loophole in the tax code, but closer examination reveals deeper issues within the American charitable giving system.