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SoutherDem

(2,307 posts)
Tue Jul 17, 2012, 11:03 AM Jul 2012

OK I am not a tax attorney but I don't understand

One of the new Rethug talking points is if you consider his charitable donations he actually paid 35% or 40%. I understand how charitable donations are tax deductible but how much would those donations have to be to get his taxes up 20 to 25%? Also, I have a question is it good to skip taxes to a church which clearly has a political agenda and will/do mobilize their members to control the vote, remember California's gay marriage vote?

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OK I am not a tax attorney but I don't understand (Original Post) SoutherDem Jul 2012 OP
it's a total B.S. talking point tk2kewl Jul 2012 #1
First off, it's a lie.... Wounded Bear Jul 2012 #2
I'm already sick of that talking point. Charities don't build bridges, roads, pay for sinkingfeeling Jul 2012 #3
If you consider that profits are taxes ... GeorgeGist Jul 2012 #4
 

tk2kewl

(18,133 posts)
1. it's a total B.S. talking point
Tue Jul 17, 2012, 11:06 AM
Jul 2012

do i get to choose to give 25% of my income to greenpeace and none to the MIC. of course not. Charity != Tax.

Wounded Bear

(58,685 posts)
2. First off, it's a lie....
Tue Jul 17, 2012, 11:06 AM
Jul 2012

Charitable donations don't directly reduce your tax rate, they lower your AGI (adjusted gross income). So donations could get one to a lower tax bracket, but still it does not equate to a dollar for dollar reduction in tax burden-or conversely, increase your "supposed" tax payments.

sinkingfeeling

(51,469 posts)
3. I'm already sick of that talking point. Charities don't build bridges, roads, pay for
Tue Jul 17, 2012, 11:10 AM
Jul 2012

police and the federal protection agencies, at least not in America. Taxes pay for those things and charties help people acquire the food, shelter, and care they need.

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