If i set up a charity what taxes is it i can avoid?

Answer 1

"setting up" a charity is a long and complicated process, and one you really shouldn't even consider just as a tax dodge. If you want to find out what the requirements are to start a legitimate charity, what the IRS requires, and how taxes are effected, go to the irs website for charities at http://www.irs.gov/charities/index.html