Loc: Syracuse, NY
That idiot pissed me off royally when I read this yesterday re losing the ability to deduct charitable contributions...
"This will lead people to give less to charities if they behave the way they've behaved in the past," he said. "We've already seen a drop in giving as a result of the economic collapse. On top of that, this will just reduce the amount of giving."
Asked about that, Office of Management and Budget Director Peter Orszag said Mr. Obama took care of that by giving charities government money to make up part of the difference.
Statist's indeed! Charity no longer originates at home. The federal government is now in charge. I am stopping ALL, EVERY penny of any charity that I have given in the past. When they call asking why I am not in for future contributions I will happily tell them that Obama has your back now.
I suppose this doesn't bother liberals though. Their propensity for giving has always beeen proven to be much less than conservatives.
edit. I am also talking about financial options with my wife the CPA as to how best to defer income. From what I know so far, the magic $250K is really more like $209K as far as when you start to lose deductions like charity and mortgage interest.
The tax deduction for charitable giving by the wealthy is dropping back to where it was during the Clinton admin, where no one complained about 28%. In fact, Bush's bump of the tax break to 35% hasn't really benefited the charities nearly as much as it's benefited the rich.
Straws anyone? We got bendies. We got flavors. We got curlies. Straws here!
Dr. Orszag's hairpiece is necessary to keep the mortar board in place, and rumor has it his middle name is "Poindexter". You are better off not messing with him, he is fully capable of lighting your office on fire too.
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