Tax Deductible Things
October 7th, 2008
Question: What is the Point of a Tax-Deductible Donation?
Yes it will reduce your taxes by a little, but not nearly by how much you had to donate, am i right?
Say my income was 20,000, i donated 2,000, and if the rate was 25% my taxes, which normally would be 5,000, would become 4500. I have paid 2,000 to get 500 off. Why do people do tax deductible things?
Answer: Basically just to save money and give something to a charity.
Items on Amazon Right Now for Tax Deductible Things:
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