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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (28959)	9/27/2012 2:03:05 PM
From: TimF	Respond to of 85487

No force is applied to him, he could donate however he wants including not at all. Probably better to donate directly and indirectly to charities for the poor, then to pay to have some campus building or art gallery named after you. Yes it does get deducted from taxes (and Romney's generous contributions are one of the reasons for his relatively low rate compared to others with similar income), but they come at a real cost to the person donating. Its a tax deduction not a tax credit. You donate a million, you don't get to pay a million less taxes, you get to pay a million multiplied by your marginal tax rate less taxes.