Congress is trying to cap Goodwill donation tax deductions

[BlueTarheel]

I go to to donate at the Goodwill today, and they have me fill out a short survey since Congress is trying to pass a law that no matter how much you donate, you can only claim a $500 deduction on your tax return. I looked it up when I got home:

http://www.dcgoodwill.org/


snip

Goodwill needs your help. Congress is examining the possibility of capping the tax deduction a donor can take for clothing and household goods donated to charities. The recommendation from the Joint Committee on Taxation would limit the tax deduction to $500 per year, per tax payer. Goodwill is working with a coalition of other non-profits to head off this proposal.


another link: http://baltimorechronicle.com/040105Thomas.shtml

[OrangeCountyDemocrat]

1. Figures!

Of course they want to do this. congress already basically eliminated the ability to get a deduction for contributing a vehicle with the provisions which went into effect this year.

[ClassWarrior]

2. Once again, corporations are unlimited, but individuals...

...are screwed.

NGU.

[BlueTarheel]

5. seriously

why don't the just "settle" with one more person that used the Son of Boss tax shelter. That could bring in, what, another $10 to 500 million? Oh wait, going after the Goodwill donations is much better :eyes:

[wakeme2008]

3. Oh, I thought Bush wanted Charities to pick up the load of

things the government used to do, but now they do not want people to donate to charities.

[MissWaverly]

4. sure they want you to contribute

but the only charity they recognize is the GOP, preferably with a check made out directly to them, their wife or for their daughter's baby shower.

[SCRUBDASHRUB]

6. Thanks for alerting us to this. I emailed my Congressman

(unfortunatley, it's a Republican), but at least I can say I tried, eh?

[CatholicEdHead]

7. Boy

I guess there is no depth they will sink will they.

[Malva Zebrina]

8. I have never thought of Goodwill as a charity

it is a business.

For instance, here in Maine, LL Bean donates ,or did a few years back, items to Goodwill FREE.

A few years ago, I was in a Goodwill and took note of the LLBean winter coats that were on a rack.

Nice coats--except that the price was anywhere from fifty to one hundred dollars! I am not kidding.

Disturbed by this, I called LLBean and inquired if they indeed did donate items to Goodwill, free, and then reported the prices that Goodwill was charging on the items they got FREE from LLBean. I don't know if they have changed that, but Goodwill , in spite of it's name, is NOT a charity. It is in the business of selling used items and that is all.

Salvation Army is a charity, but we also know about them and their bigotry in hiring.

[dsc]

9. It is too a charity

They hire mentally challenged employees which is the charitable aspect of their business.

[Malva Zebrina]

10. Oh

so that makes them a charity? My local supermarket also hires mentally challenged individuals from the community home and pays them.

[dsc]

11. People in a community home

are way above the typical GoodWill employee. We are talking around an IQ of 60. They do pay them by the way.

[JerseygirlCT]

12. It doesn't matter what they charge in their stores

that's not their charitable mission. It's about what they do with the income from the store sales that determines whether they're a charity.