Lei Jun's donation of 1.3 billion yuan in cash to Wuhan University has sparked a series of controversies. Some people think that Lei Jun did this to avoid taxes, but this view does not hold. In fact, donations do reduce personal income tax to a certain extent. According to China's tax law, donations can be deducted from taxable income, rather than directly deducted from individual income tax. Specifically, if Lei Jun's total income this year is 5 billion yuan, he needs to pay 22500 million yuan of personal income tax. However, if he donates 1.3 billion yuan, this part of the donation can be deducted from the total income when calculating the individual income tax, then the individual income tax he needs to pay will be reduced to 166.5 billion yuan. However, the donation did not give Lei Jun additional wealth, on the contrary, his assets were reduced by 71.5 billion yuan (27500 million-203.5 billion).
Of course, we can't ignore the fact that Lei Jun's income this year cannot reach 5 billion yuan. Assuming that his total income is 1 billion yuan, we can do a simple calculation. In the case of no donation, he needs to pay 4500 million yuan of personal income tax. And if he donates 1.3 billion yuan, which exceeds his total annual income of 1 billion yuan, the law can only deduct 30% of the taxable income. In other words, he still needs to pay 700 million yuan in personal income tax. Therefore, when the income is only 1 billion yuan, the donation does not make Lei Jun tax-free, and he still needs to pay 3$1.5 billion in personal income tax. To sum up, donation is not a means of tax avoidance for Lei Jun, but a real philanthropic act.
Donations are encouraged and supported in China, in addition to promoting the development of social welfare undertakings, it also provides some tangible benefits to donors, the most important of which is personal income tax deduction. Such policies are designed to motivate more people to participate in public welfare, and at the same time, it is also a legitimate use of personal wealth. Therefore, we should affirm and support the behavior of donating huge wealth like Lei Jun, rather than simply relegating it to a means of tax avoidance.
From a micro perspective, donations can reduce the amount of personal income tax payments, but more importantly, donations are a manifestation of social responsibility and commitment to public welfare. Whether for individuals or the whole society, donation is a transmission of positive energy and an important force to promote social progress. Therefore, we should promote the development and progress of society by encouraging and supporting donations, rather than simply linking donations to tax avoidance.
Giving is not just a tax cut, but more importantly, a positive use of personal wealth. When an individual has a certain amount of wealth, he can choose to use this wealth for his own personal needs, or he can choose to use it to help others and give back to society. For entrepreneurs like Lei Jun, they transform their personal wealth through donations, turning it into a social responsibility and public welfare behavior, which is a noble quality and value.
Donations not only improve the lives of others, but also raise the level of development of society as a whole. Whether it's supporting education, improving health care, or advancing scientific research, someone needs to be willing to contribute. Entrepreneurs like Lei Jun give back to the society through donations, contributing to the sustainable development of society.
In this process, individual donations are not only a financial support, but also a manifestation of values and qualities. Through donations, individuals can realize their care and responsibility for society and others, thereby transmitting positive energy. This transformation of spirit and wealth makes personal wealth no longer just a symbol of power and status, but a driving force for social progress.
Through the analysis of Lei Jun's donation behavior, we can see that donation and tax avoidance are not a pair of contradictions. Donation is not only a means of tax reduction, but also an active use of personal wealth and a manifestation of social responsibility. The significance of donation is not only to reduce the amount of personal income tax, but also to transform personal wealth and give back to society.
Therefore, we should look at donation behavior rationally, and not simply classify it as a means of tax avoidance, but should pay attention to its contribution to social development and public welfare. We should give positive evaluation and support to Lei Jun's behavior of donating huge amounts of wealth, and regard it as an example of promoting social progress and the development of public welfare undertakings. At the same time, we should also actively participate in public welfare undertakings, contribute to the society with our own strength and wealth, and strive to improve the social situation so that the whole society can be better and more vigorous.