Charity instead of taxes?

Posted by H6163741 10 years, 8 months ago to Economics
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I was looking at the IRS website (yes, I am insane) and noticed that the maximum $ you can write off for charity donations is 50% of your net income. You can only write off the % of your tax bracket (which is probably pretty for most of us.,.). It occurs to me that it would be worth it to me to give say, $10,000 to the charity of my choosing than give $60,000 to Obummer. I'm thinking that I could even stop taxes from being deducted from my paychecks. Has anyone tried this? Any suggestions? Or am I missing some crucial piece of information that would make it impossible? Thanks, fellow Producers! $


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  • Posted by $ Susanne 10 years, 8 months ago
    The AMT was put in place to prevent this - after all, the looters feel they MUST get their "share of the action".
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