In the 1959 film The Young Philadelphians, Paul Newman plays a promising lawyer trying to handle his social and professional problems while climbing the ranks in Philadelphia. In this scene, he explains the income tax benefits of donating appreciated stock to one of his clients. Even though the tax laws have changed quite a bit since 1959, this tax planning idea still works today. The entire clip is entertaining, but the tax planning advice starts at 3:35.
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