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To: Elroy who wrote (467291)	1/25/2012 4:13:19 AM
From: goldworldnet	Respond to of 793550

Charitable contributions only reduce tax liability by a fraction of the contribution itself. It's not like people are shirking civic responsibility with philanthropy. * * *

To: Elroy who wrote (467291)	1/25/2012 4:14:58 AM
From: LindyBill	6 Recommendations Read Replies (2) \| Respond to of 793550

Elroy, you been out of the country and not paying taxes here all of your life? Babbling babies in their cribs here know more about the charitable tax law than you do. :>) It's quite simple and easy to understand. You set up an non-profit NGO and you can take in gifts as charity all you want. People can deduct it from their income tax up to 10% of their gross. Buy a picture, get it appraised for a bundle and give it to a museum. It's one of the biggest tax rackets going. You want to know more, Google it.

To: Elroy who wrote (467291)	1/25/2012 11:07:11 AM
From: Jorj X Mckie	1 Recommendation Respond to of 793550

so are you against all deductions based on charitable giving? When you look at the salaries and benefits of some of them more well known "charities", it becomes harder to justify them as real charities. and as others have indicated, the amount that one can actually deduct is a small part of one's total income. If someone donates 50% of their income to a charity, it does not mean that they can deduct that much from their taxes.