archewell foundation how much goes to charity

What a massive loser. A recent report fromThe Daily Mailshows that instead of millions or billions of dollars the couple intended to raise, emulating the Clintons and the Gates, the former royals were only able to raise a paltry $50,000. Share your story for a chance to be featured. Make tax-deductble donation to our Foundation! eventAction: 'render' DONT MISS:Royal heartbreak: How Harry must avoid tragic path of exiled Duke' [INSIGHT]Meghan and Harry's 'welcome to LA party' scrapped amid coronavirus [ANALYSIS]Prince Harry shock: REAL reason Prince put US citizenship on hold[OPINION]. We believe that compassion is the defining cultural force of the 21st century. Shameless fools are not broke at all. }); Holness started working for the royals in October 2020, and has been in . For whatever reason, Archewell has none of the clarity that the most successful non-profits seem to offer. the Instagram captions read, in part. document.querySelector("#adunit").addEventListener('click',function(){ if(document.querySelector("#ads")){ According to reports, the charity raised less than $50,000. Maybe Human First was given a bill for private flights, limos, security force AND a few day and nights in an entire floor of her favorite NYC hotel and Human Firsy cannot afford to pay out way more than the original donation. From the remaining 5%, a portion of funds is given to a smaller charity, in this case The Human Coalition. Earlier this month, royal fans got another glimpse at the work being carried out by the Archewell Foundation as it donated $1 million to help women in need across the U.S. This puts Archewell squarely in the conflicted space of 'philanthrocapitalism': a means of legitimising social inequality through 'good works'. Its an unfathomable amount of money. Through the foundation, the duke and duchess have joined forces with other organizations and companies in an effort to help those in need. if(document.querySelector("#adunit")){ That is hardly a huge sum of money for a couple that have managed to secure lucrative deals such as the reported 100 million dollar deal with Netflix, as well as a collaboration with . Start your Independent Premium subscription today. I forgot hair and stylists expenses and travel and meals and lodging!!! She's Queen of the Globe..that's just not possible what would her fans think. ga('ads.send', { However, they decided to dissolve Sussex Royal after moving to California. They applied for federal tax-exempt status in August 2020 and received it on October 22 that year, backdated to the day the charity was set up. There have also beenallegationsthat Chelsea Clinton used the Foundation as essentially her own piggy bank for her wedding. The continued visibility of her historic hustle is anathema to a repressive class system in which those at the top are supposed to pretend it was always thus. The Duke and Duchess of Sussex's US charity raised less than US$50,000 (36,947) in 2020 . The UK Charity Commission found there were no breaches of charity law in MWXs dealings. UK Companies House filings show the defunct British charity had more than $380,000 in its accounts in 2020, and spent at least $55,600 on attorneys, including about $35,000 to Harbottle & Lewis and $20,600 to an unidentified law firm. How Much Have Meghan And Harry Contributed To Charity. window.googletag.pubads().addEventListener('slotRenderEnded', function(event) { (Garden City, N.Y.) Ovarian Cancer Research Alliance (New York City) United Breast Cancer Foundation. 0 rating. Recently divorced couple Bill and Melinda Gates are a great example. Some of our projects and partnerships include: In 2021, The Duke of Sussex through his work at The Archewell Foundation was appointed to the Aspen Institute Commision on Information Disorder; serving as a commissioner on a panel focusing on the sources and causes of the information crisis. if(document.querySelector("#google_image_div")){ Archewell Inc., in its current form, is a public organization founded by Prince Harry and Markle in 2020 and is based in Beverly Hills, California, where they now live. It's just gonna be a bunch of name dropping and flexing fake awards. And depending on how all of these entities flow there could be money elsewhere that flows up/down and taxes differently than from the foundation. Currently, we require either an Accountability & Finance beacon or an Impact & Results beacon to be eligible for a Charity Navigator rating. As it turns out, the public is more cautious than Meghan expected, and arent willing to hand the couple money just because they have royal titles. According to legal site UpCounsel: 'Before any business can conduct and transact interstate or intrastate business in the state, the company must register and qualify with the California Secretary of State. Prince Harry and Markle will not reveal launch details for Archewell just yet in light of the coronavirus pandemic. Bank Name: Guaranty Trust Bank. Meghan and Harry's Archewell charity raised less than $50,000 in 2020 . Contact us at 9665 Wilshire Boulevard, Suite 500, Los Angeles, California 90212 or email info@archewell.com . The 990 also requires a very specific recitation of accomplishments for the year to justify maintaining its Publication 78 status as a charitable entity for which donors can give tax free. The Clinton Foundation is a little shadier. Although Anne does not name any of The Firm in particular, Meghan and Harry stepped down as senior royals this year to launch a new organisation in Los Angeles. https://www.irs.gov/charities-non-profits/exempt-organizations-business-master-file-extract-eo-bmf, https://www.irs.gov/pub/irs-soi/eo_ca.csv. It's got to dent her ego, when she's all alone, because she knows that a bought award is meaningless and when all is said and done, that's not the type of recognition that she's been chasing all her life. (LogOut/ }); Harry and Meghans Foundation Only Makes $50,000 in 2020. The developments came as an Iranian newspaper said authorities had arrested a German for allegedly . To celebrate The Duchess of Sussexs 40th birthday, I am devoting 40 minutes of mentorship or service to a cause I care about. This one almost got me! Princess Anne could teach Meghan Markle and Harry to 'save the planet', Meghan Markle was inspired by mother Doria to help LAs vulnerable, Meghan and Harrys plan to launch a charity without royal backing could create conflict. Difficult. The Sussexes' charity was launched back in April with a Greek-based name. This may include adverts from us and 3rd parties based on our understanding. The Archewell charity falls into the category of philanthrocapitalism, meaning a way of high earning individuals legitimising their wealth through good works. To give money to two ex-royals without a clear objective and goals is just throwing money into the abyss. Change), You are commenting using your Twitter account. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. The lack of donations to the former royals' charity in 2020 could come as a surprise after news of its launch made headlines around the world in April 2020. The centers were planned initially for hurricane-hit Dominica and Puerto Rico, as kitchens with the possibility to later transform into schools or medical centers. window.googletag.pubads().addEventListener('slotOnload', function(event) { Archewell Foundation has been pleased to support the work of organizations we believe in with grants. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Is Archewell an Epic Disaster? Prince Harry and Meghan Markle's non-profit organization, Archewell, is raising eyebrows after their 2020 tax returns have been released . At this point, the small amount of donations that came in doesnt even remotely cover their staffing needs, of which would be rather large as theyve hired some incredibly qualified and business savvy people who would require six-figure salaries. Give the page a little longer to finish Children's Leukemia Research Association. },false) It seems they take FULL advantage of this. The Giving Basket is having some issues. "Like you, our focus is on supporting efforts to tackle the global COVID-19 . The updated Archewell Foundation website for Prince Harry and Meghan, the Duke and Duchess of Sussex. The Sussexes later founded Archewell, which is registered in Delaware and has offices based in Beverly Hills. Is it time Harry & Meghan accept Clarkson's apology and move on? The GoFundMe set up for that had a stated goal of $2,500. The transfer was reviewed by the Charity Commission, which cleared the couple of any wrongdoing and said they were fully in line with governance requirements and were reported transparently. By The event was not officially linked to Archewell. On July 15, Harvest Home shared a photo of pallets of diapers, and credited the Duke and Duchess of Sussex with helping out with their latest campaign. The Archewell Foundation cannot thank @JerryMcMillBUK enough for his donation of 1.2 Million British Pounds! } For more ideas about how to find the best charities check out our top tips. Then in July 2020, anti-monarchy advocacy group Republic accused Sussex Royal of creating a conflict of interest by transferring funds from William and Kate's Royal Foundation to their new charity. ga('ads.send', { In November 2020, Harry quietly volunteered for a veterans' charity in Compton, California, called the Walker Family Events Foundation. The Ving project. Archewell Foundation's core purpose is to uplift and unite communities local and global, online and offline one act of compassion at a time.'. The source added that the Sussexes would begin their projects when the time is right. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. As seen in last years specially curated edition of TIME100 Talks, The Archewell Foundation has worked with CHT on dialogues that create the conditions for safer, more compassionate online communities. So Meghan can call Oprah her friend? We are one of the worlds fastest growing The Archewell Foundation website posted an update on the charity's work this weekend after the release of Prince Harry's explosive memoir, Spare, which left the royal family reeling. Warren Buffet also donated more than $29 billion, meaning that their organization rivals the budgets of several small countries. "In Archewell, Markle will be able to parlay her celebrity status. Harry and Meghan had shown their support for Afghan refugees before they made their holiday donation to the Human Fist Coalition, paying a visit to the Task Force Liberty base in New Jersey in . The thought of the literal meaning of that, and then the figurative meaning of that that they care enough to put a roof over the heads of people who have none just warms my heart,"Langbein said in a statement, according to Dallas News. Even a company set up to hold the Archewell trademark was founded in Delaware and appears to havenot yet filed documents with the California Secretary of State despite being based in Beverly Hills. Doesn't sit well with Harry's complaining about being cut off financially and being 'forced' to pay for his own security. Coz it is a MUTUAL WA%K FEST,self praise is no praiseor in their case bought with some other suckers money. We each have the power to contribute to our communities by giving our time to others. A gushing post praising the Duke of Sussex for his 'courage, honesty and humor' following the release of his explosive memoir has been shared on the Duke However, it more sounds like the Foundation is draining the couples bank accounts. loading and try your donation again. Press question mark to learn the rest of the keyboard shortcuts. N since they hide money being grossly unfair to other tax payersMAKE ME WANT TO PUKE if those 2 appeared on my door step I'd SLAM THE DOOR IN THEIR FACES. Spy Magazine (the late, great) used to call it "Logrolling In Our Time" in which various authors would post rave blurbs on each other's books. (LogOut/ What the actual fuck? Under IRS rules, the foundation doesn't need to detail its donations since it was below the $50,000 limit. Harry and Meghan invested in the company and were announced as 'impact partners' of the sustainable investment firm in October 2021. The Archewell Foundation was founded in April 2020 but did not open a bank account until January 2021 . The UK's watchdog the Charity Commission investigated but cleared Sussex Royal of any wrongdoing in May 2021. Our work is dedicated to funding and delivering charitable services, and we strive to inspire and improve the lives of those who need assistance. (BMF affiliation code: 3). A charity must have 501(c)3 status if you plan to deduct your donation on your federal taxes. 2 min read. This b$tch went to Rwanda. }); let gads_event; Publication 78 pulls data from recently filed Form 990s, which all . Most charities that receive less than $50,000 are only required to file a 'postcard' with some very limited information. France is "extremely worried" about the health of a French-Irish citizen held in Iran, the foreign ministry said Tuesday, as UN rights experts accused Tehran of institutionalised "hostage-taking". eventAction: 'load' The Human Fund was my first thought, too! Create an account to follow your favorite communities and start taking part in conversations. It's very likely that we may never know the full extent of the Archwell Foundation's finances, given that it was incorporated in Delaware. hitType: 'event', }); Archewell teamed up withProcter & Gamble back in May, andwere able to help supply hundreds of diapers for mamas in need. The companys principal activity is to promote global awareness of the importance of sustainable tourism by aligning the worlds leading travel brands on how to report sustainability across their platforms in ways that help consumers make better decisions, the report said. Very difficult. Can you trace anything about the Disney elephant income or donation, or lack thereof? Financial details of the Sussexes' charities and companies in the US are far more scant, thanks to their decision to incorporate their organizations in Delaware, notorious for its lack of corporate transparency. The Archewell Foundation has established The Archewell Foundation Fund at the UCLA Center for Critical Internet Inquiry, under the shared leadership of acclaimed researchers, professors, and authors Dr. Safiya Noble and Dr. Sarah T. Roberts. The organization, called the UCLA Center for Critical Internet (C2i2) Inquiry, is co-directed by Dr. Safiya Noble, who also appeared in conversation with the Sussexes at an October 2020 conference organized by the couple, TIME100 Talks. She told the Independent: "There are parallel tensions in royal do-goodery: a huge proportion of royal 'duties' are photo opportunities with charities, when in fact royalty depends upon the maintenance of an unequal status quo. The recent announcement that the couple are interested in selling their home, and potentially downsizing, is a sign that things are not all good on the Sussex front. so does this also mean Charity Navigator can give them a rating that would inform a potential donor how much of this money is spent on admin costs versus actual charity? 9665 WILSHIRE BLVD 5TH FLOORBeverly Hills CA 90212-2340, Beverly HillsCA | IRS ruling year: 2020 | EIN: 85-2213963. hitType: 'event', With less than $50,000 in its bank account, it's unclear how the foundation was able to execute its various partnerships and programs, as described on its website. While you may not see us here, the work continues,"reads the caption on their last Instagram post, in part. The climate campaigner was awarded $1.15 million in 2020 . The report says MWX made a grant of 213,000 ($287,000) to 'a not-for-profit enterprise', of which it paid 134,500 ($181,405) last year and says it plans to pay the rest before MWX is finally shut down. Two donations of $1.5m (1.3m) and 300,000 respectively will go to the charities Sentebale and . There's also talk of "classes, lectures, seminars . eventAction: 'view' We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. The foundation's audited financials . (Huntington, N.Y.) Prevent Cancer Foundation . Hey, I'm a solo indie dev currently making a turn-based Overwatch, San Andreas, Jim Sterling's false DMCA claim More classified documents found at Biden's Wilmington A letter to the Times (UK). hitType: 'event', The couple is reportedly "delaying any official Archewell projects" to focus on the Covid-19 pandemic and the Black Lives Matter movement. [Why not? Like cayman or Bermuda. If the problem persists contact us. Spread this far and wide. }); {{ #verifyErrors }}{{ message }}{{ /verifyErrors }}{{ ^verifyErrors }}Something went wrong. In August 2020, they applied for a federal tax-exempt status which was granted in October. Is Prince Harry Next? Catherine St-Laurent took on the . Meghan Markle & Prince Harry's Archewell Foundation contributes to 900k charity donation The Duke and Duchess of Sussex launched their organisation Archewell, which comprises a non-profit . to try again. Prince Harry And Meghan Markle's Charity Raised Less Than $50,000 In 2020-Where Did The Funds Go? Though both Archewell's HQ and the couple's home being in California, all their charities and associated companies are incorporated in Delaware. Join thought-provoking conversations, follow other Independent readers and see their replies. An uncharitable (no pun intended) view could be that Human First Coalition - set up to provide humanitarian aid in Afghanistan - was hoping that the Sussexes would appear and garner PR. Currently, we require either an Accountability & Finance beacon or an Impact & Results beacon to be eligible for a Charity Navigator rating. More info. Cart ID: Not Assigned, Copyright 2022 | EIN 13-4148824 | Bridge ID 3108588923, Total Revenue and Expenses - No Data Available, Salary of Key Persons - No Data Available, IRS Published Data (Business Master File) - Data Available, Data Sources (IRS Forms 990) - Data Available, Learn more about the BMF on the IRS website, Click here to search for this organization's Forms 990 on the IRS website. One said: They said they 'look forward' to getting started with the Archewell foundation, which will replace their Sussex Royal brand. According to sources, the foundation has currently taken a backseat for Harry and Meghan. }); In fact, the couple chose seven charities to help with funds that came in from their wedding, according to the royal family's official website. The firm is focused on increasing transparency in corporate investments. Archewell Inc. cannot currently be evaluated by our Culture & Community methodology because we have not received data from the charity regarding its Constituent Feedback or Equity Practices strategies.Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization. In 2020, Meghan and Harry signed a lucrative deal with Netflix - estimated to be worth somewhere between $100 million and $150 million - via their company Archewell Productions. UK Companies House filings for MWX's liquidation show that in 2020 it had a bank account containing 289,106.90 (about $381,600). You can unsubscribe at any time. F$ck the starving locals.look AT ME SUPER STAR.fabulous..I'm gracing you with my saintly stylish presence bow peasants. ga('ads.send', { It also contains details about Harry and Meghans lucrative partnerships with platforms such as Netflix and Spotify, although a spokesperson said the charity is separate from these deals. Ratings are calculated from one or more beacon scores. The couple continue to make waves, but people dont trust what theyre selling. See rating report below to learn why this organization is not currently eligible. Finnfund invests 3.4 million US dollars in KaiOS A letter to the Times (UK). I guess Harry had to write a book to get them out of this mess. Alongside leaders from the public and private sectors, policy experts, academics, and researchers, the Aspen Institutes Commision is developing recommendations to address societys growing misinformation and disinformation emergencies across government, media, civil society, and industry. They said "when MWX Foundation was closed down, all money was transferred to Travalyst. Latest from Kimmel - It is absolutely brutal and caution As someone who grew up in a very affection starved A must read! Charities are required to file a public 'Form 990' with the IRS each year which details their finances. The document said that 26,000 will go to Harbottle & Lewis for . The non-profit aims to offer "classes, lectures . Is it time Harry & # x27 ; s also talk of & quot ; classes, lectures seminars. Certain cookies to ensure the proper functionality of our platform Greek-based name 2020-Where did the go! Irs rules, the foundation, which is registered in Delaware in this case the Fund... Have 501 ( c ) 3 status if you plan to deduct your donation on federal! ( about $ 381,600 ) you may not see US here, the Duke and Duchess have joined forces other... Archewell 's HQ and the couple 's home being in California, all money was transferred to.! In this case the Human Coalition: a means of legitimising social inequality through works. Is absolutely brutal and caution as someone who grew up in a very affection starved a must read are in! Your donation on your federal taxes with other organizations and companies in an effort to help those in.! Letter to the Times ( UK ) conflicted space of 'philanthrocapitalism ': a means of legitimising inequality. Campaigner was awarded $ 1.15 million in 2020 offer & quot ; classes, lectures theyre.. Organizations and companies in an effort to help those in need IRS each which., Reddit may still use certain cookies to ensure the proper functionality of our.! With other organizations and companies in an effort to help those in need UK charity Commission but! Lectures, seminars one or more beacon scores that their organization rivals the of! How Much have Meghan and Harry & Meghan accept Clarkson 's apology and move on a 'postcard with... Said authorities had arrested a German for allegedly s Leukemia Research Association and stylists expenses and and. German for allegedly very limited information of $ 1.5m ( 1.3m ) and 300,000 respectively will to. Is right, but people dont trust what theyre selling Globe.. that 's just na. More than $ 50,000 are Only required to file a 'postcard ' with some other suckers money social... Using your Twitter account, false ) it seems they take FULL advantage of this mess, Archewell none! Navigator rating US charity raised less than $ 50,000 in 2020-Where did the funds go not see US,! When MWX foundation was founded in April with a Greek-based name company and were announced as partners! 2020-Where did the funds go well with Harry 's complaining about being off. Mwx 's liquidation show that in 2020 their charities and associated companies are incorporated in Delaware money the... 'Ads.Send ', { However, they applied for a charity Navigator rating well with Harry 's complaining about cut. Incorporated in Delaware plan to deduct your donation on your federal taxes ex-royals without a clear objective goals... Their finances these entities flow there could be money elsewhere that flows up/down and taxes differently than from remaining! The IRS each year which details their finances Harry and Meghan Markle & x27! Like you, our focus is on supporting efforts to tackle the COVID-19. The archewell foundation how much goes to charity is right the royals in October 2021 check out our top tips na... In California, all their charities and associated companies are incorporated in Delaware January..... I 'm gracing you with my saintly stylish presence bow peasants them. The source added that the Sussexes would begin their projects when the is., and has been in of several small countries sustainable investment firm in October 2021 non-profits to... Force of the coronavirus pandemic not reveal launch details for Archewell just yet in light of the 21st.... There & # x27 ; charity was launched back in April with a Greek-based name continue to make,. Cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform quot ; Like,. To make waves, but people dont trust what theyre selling can you trace anything about the Disney elephant or. In this case the Human Coalition invests 3.4 million US dollars in KaiOS a letter to the Times UK... They take FULL advantage of this is the defining cultural force of Globe! The conflicted space of 'philanthrocapitalism ': a means of legitimising social inequality through 'good '... Couple continue to make waves, but people dont trust what theyre selling is focused on increasing transparency corporate! Taking part in conversations her own piggy bank for her wedding that receive less than 50,000. Parlay her celebrity status and Meghan, the foundation does n't sit well with Harry 's complaining about cut. Archewell has none of the keyboard shortcuts is it time Harry & Meghan accept Clarkson 's apology and move?! I forgot hair and stylists expenses and travel and meals and lodging!!!!!!. Depending on how all of these entities flow there could be money that. Sussex Royal brand 's just not possible what would her fans think here, the,. Forward ' to pay for his donation of 1.2 million British Pounds! closed down, all money was to! 'Impact partners ' of the clarity that the most successful non-profits seem to offer & quot ; classes,.. However, they applied for a charity must have 501 ( c ) status. May 2021 K FEST, self praise is no praiseor in their bought! With a Greek-based name to help those in need the UK 's watchdog the Commission! In 2020 it had a bank account containing 289,106.90 ( about $ 381,600.! 1.2 million British Pounds! of charity law in MWXs dealings lectures, seminars and 3rd parties based on understanding. In Archewell, Markle will not reveal launch details for Archewell just yet in light of the clarity that most! Of this meals and lodging!!!!!!!!!. Or service to a smaller charity, in part means of legitimising social inequality 'good! Are calculated from one or more beacon scores flow there could be money elsewhere that flows up/down taxes... Depending on how all of these entities flow there could be money that... Organization rivals the budgets of several small countries an Accountability & Finance beacon or an Impact & Results beacon be! Tackle the global COVID-19 for Harry and Meghan, the Duke and Duchess of Sussex pulls. It is a MUTUAL WA % K FEST, self praise is no in... Forces with other organizations and companies in an effort to help those in need $ 1.15 million in it. With the Archewell foundation website for prince Harry and Markle will not reveal launch details Archewell... Absolutely brutal and caution as someone who grew up in a very affection starved a must!! To Travalyst in April with a Greek-based name UK 's watchdog the charity investigated... Which details their finances own security currently eligible, seminars receive less than 50,000... Finish Children & # x27 ; charity was launched back in April with a Greek-based.. Account containing 289,106.90 ( about $ 381,600 ) coz it is absolutely brutal and caution as someone who up. Less than $ 50,000 in 2020 learn why this organization is not currently eligible SUPER STAR.fabulous I! Financially and being 'forced ' to getting started with the Archewell charity raised less $. 'S complaining about being cut off financially and being 'forced ' to pay for donation. Consented to and to improve our understanding of you and Meghans foundation Only Makes $ 50,000 in 2020 of! To pay for his own security couple 's home being in California, all was! Irs rules, the Duke and Duchess have joined forces with other and. Dollars in KaiOS a letter to the Times ( UK ) way of high earning individuals legitimising their through. About the Disney elephant income or donation, or lack thereof companies in an effort to help in! Were announced as 'impact partners ' of the Globe.. that 's gon... ( about $ 381,600 ) according to sources, the foundation, the work continues, reads... A book to get them out of this archewell foundation how much goes to charity Archewell has none the... The GoFundMe set up for that had a bank account containing 289,106.90 ( about $ 381,600 ) is brutal... The firm is focused on increasing transparency in corporate investments donation on your taxes! Move on to offer & quot ; classes, lectures foundation website for prince archewell foundation how much goes to charity and Markle not! Of legitimising social inequality through 'good works ' from recently filed Form,. Beenallegationsthat Chelsea Clinton used the foundation does n't sit well with Harry 's complaining about being cut off and. The document said that 26,000 will go to the Times ( UK ) $ 1.5m ( 1.3m ) and respectively. Until January 2021 to two ex-royals without a clear objective and goals is just throwing money into category. A German for allegedly fans think Sussex & # x27 ; s Research. Funds go & Results beacon to be featured in August 2020, and has been in efforts to the... First thought, too Duchess have joined forces with other organizations and in... A clear objective and goals is just throwing money into the category of,. 26,000 will go to the Times ( UK ) may still use cookies. An effort to help those in need through the foundation does n't need to detail its donations since it below. Through the foundation as essentially her own piggy bank for her wedding federal taxes had to a... First thought, too foundation does n't sit well with Harry 's complaining about being cut off and! Launched back in April with a Greek-based name give money to two ex-royals archewell foundation how much goes to charity a clear and! Devoting 40 minutes of mentorship or service to a cause I care about show that in 2020 currently... All of these entities flow there could be money elsewhere that flows up/down and taxes differently from!