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Old 04-05-2009, 09:05 PM
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Tyburn Tyburn is offline
Angry @ Injustice!
 
Join Date: Jan 2009
Location: England
Posts: 16,953
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Quote:
Originally Posted by Neezar
No. Before if you had an honorable intention and gave to charity then the government rewarded you with a tax break. NOW the government says they don't care even if you do the right thing, you are still paying them their cut.



AND...let's say you were going to give $10,000 to a charity. You could give the lump sum and move on. Now, you have to only give & $7,000 to charity and save the other $3,000* to pay taxes on it. So technically the government is now taking monies from the charities instead of giving. So Obama is not showing our nation to be greedy but our government.


*The taxes on charity money is probaly more than 30%. I just used that as an example.
he gave you tax breaks IF you gave money to charity...specifically...
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