Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Bald Eagle who wrote (203286)	11/16/2001 8:51:46 AM
From: DMaA	Read Replies (1) \| Respond to of 769670

Don’t blame the Red cross, blame Congress. Tax law prevents Red Cross from aiding families: There were something over 5,000 victims of 9/11 -- in New York, Washington and a Pennsylvania field. We know their names and where their families live. So what's the problem with letting Americans everywhere help them financially? The problem is that the U.S. tax code forbids it. The tax code says it isn't fair. Seriously. Steven Miller of the Internal Revenue Service explained the relevant tax law to Congress last week: "An affected individual generally is not entitled to charitable funds without a showing of need." If a tax-exempt charity gives money to a person whose income is above a certain level, the charity could lose its tax-exempt status. opinionjournal.com