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Gracie Allen is my personal savior! |
^^^ Interesting. The state is a nonprofit provider of police services, road repair, regulation and enforcement for various agencies, etc., etc., etc. In theory each tax payer receives something of value for every penny of tax paid, since in theory all state government services are delivered at cost. | |||
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Ammoholic |
Right, but SALT (State And Local Tax) deduction is separate from a charity deduction. SALT deduction is now limited, pissing off the spendthrift state govs and they are looking for a workaround for their victims. I don't think that their separate charity workaround will work as in exchange for the taxpayer's "Charitable deduction", they get a reduction in their state taxes of the same amount. It is total BS, like much (?all) of what these leftists spew. | |||
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Armed and Gregarious |
Where is that defined in the tax code? ___________________________________________ "He was never hindered by any dogma, except the Constitution." - Ty Ross speaking of his grandfather General Barry Goldwater "War is the remedy that our enemies have chosen, and I say let us give them all they want." - William Tecumseh Sherman | |||
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Gracie Allen is my personal savior! |
I understand. I was thinking about the idea that the amount of a charitable gift that is deductible is reduced by the value of anything the giver received in return for the charitable gift. Here, the state will accept a charitable gift to the state in lieu of paying state taxes. A taxpayer has to do one or the other, or risk going to jail and paying some very expensive fines. Either way, the money goes to pay for what the state figures is the taxpayer's proportional share of what state services cost to provide. The taxpayer therefore receives state services in exchange for the charitable gift. Let's say a taxpayer makes a charitable gift instead of paying taxes. The amount 'donated' is the amount that the state has decided is what receiving state services is worth to the taxpayer. If the value of the state services the 'donor' received is equal to the value of the 'donation' to the state, then the amount of the charitable gift that is deductible must be zero. | |||
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Muzzle flash aficionado |
I don't think it is. I also don't think it needs to be. It's not a donation if it is required; if it's not required it is voluntary. What charities are you familiar with that one is forced to make contributions to? flashguy Texan by choice, not accident of birth | |||
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