“That allowed the Johnsons to collect more than $38 million in tax savings from the estate over five years, confidential tax records show.”
Charles Johnson appraised his mansion at $130 million, five times what he paid, and gave it to his own foundation. The IRS application promised public access. The public gets a lottery for two-hour tours on Wednesdays. Congress never defined how open “open to the public” has to be, and the IRS’s $80 billion boost includes no plan to audit foundations.