Why in the world is money that's given to charity taxed?
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I have to ask this question to those of you that like taxation and wealth transfer. I realize your reasons for doing it are justifiable to some extent. But this should really throw you off... If you want to help those in need, you say you should be for minimum wages, social security programs and the like. But why is it that if someone wants to donate to a charity, that the money is taxed? Why would that be justifiable? In this case at the very least, if money is being donated to a charity, it's going to help those in need. The government should get out of the way.
Josh Davis
Always looking for blackjack. Or maybe White Frank. One of the two.In the US, if you donate to a registered non-profit, it's not taxed. Or more accurately, you just need to get a record of the donation, and then you can list that on your next tax return. Basically, every dollar you donate to a non-profit is deducted from your gross income. If you make $50,000 and you donate $10,000 to a registered charity, then as far as the IRS is concerned, you only made $40,000 this year.
Proud to have finally moved to the A-Ark. Which one are you in?
Author of the Guardians Saga (Sci-Fi/Fantasy novels) -
In the US, if you donate to a registered non-profit, it's not taxed. Or more accurately, you just need to get a record of the donation, and then you can list that on your next tax return. Basically, every dollar you donate to a non-profit is deducted from your gross income. If you make $50,000 and you donate $10,000 to a registered charity, then as far as the IRS is concerned, you only made $40,000 this year.
Proud to have finally moved to the A-Ark. Which one are you in?
Author of the Guardians Saga (Sci-Fi/Fantasy novels)Ian Shlasko wrote:
If you make $50,000 and you donate $10,000 to a registered charity
Wooo big charity right there lol Anyway, yes I think for the most part that you're right, but I've seen some weird circumstances where it's not. I have to go find them again.
Josh Davis
Always looking for blackjack. Or maybe White Frank. One of the two. -
This is good info, thanks.
Josh Davis
Always looking for blackjack. Or maybe White Frank. One of the two. -
That document I referenced is quite a few years old, so may have since been updated. But why do you need this info - your next show?
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No not at all. I'm just presenting another argument for all of us to argue about and yell and scream. Seems to work everytime!
Josh Davis
Always looking for blackjack. Or maybe White Frank. One of the two.Actually, I'm not sure anyone has really disagreed with you, so far. Could it be that your stereo type of the attitude of people who don't want to just see all taxes cut, is wrong ?
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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Actually, I'm not sure anyone has really disagreed with you, so far. Could it be that your stereo type of the attitude of people who don't want to just see all taxes cut, is wrong ?
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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I have to ask this question to those of you that like taxation and wealth transfer. I realize your reasons for doing it are justifiable to some extent. But this should really throw you off... If you want to help those in need, you say you should be for minimum wages, social security programs and the like. But why is it that if someone wants to donate to a charity, that the money is taxed? Why would that be justifiable? In this case at the very least, if money is being donated to a charity, it's going to help those in need. The government should get out of the way.
Josh Davis
Always looking for blackjack. Or maybe White Frank. One of the two.If you fill your income taxes out correctly I believe you can manage to get any actually qualified charitable donations taken off your taxes. That said, I'm not particularly found of donating to charities, particularly well known ones, as a significant chunk of the money goes to the charity rather than those being helped, typically a larger portion than you would have lost to taxes. Useful items, sure, helping someone who I know will use the money to dig themselves out of a hole, sure, tossing money in a charitable direction and hoping it gets to someone, not so much.
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If you fill your income taxes out correctly I believe you can manage to get any actually qualified charitable donations taken off your taxes. That said, I'm not particularly found of donating to charities, particularly well known ones, as a significant chunk of the money goes to the charity rather than those being helped, typically a larger portion than you would have lost to taxes. Useful items, sure, helping someone who I know will use the money to dig themselves out of a hole, sure, tossing money in a charitable direction and hoping it gets to someone, not so much.
Distind wrote:
helping someone who I know will use the money to dig themselves out of a hole, sure
This, IMO, is the best kind of charity. It helps form, or enhances, a relationship.
Josh Davis
Always looking for blackjack. Or maybe White Frank. One of the two. -
Distind wrote:
helping someone who I know will use the money to dig themselves out of a hole, sure
This, IMO, is the best kind of charity. It helps form, or enhances, a relationship.
Josh Davis
Always looking for blackjack. Or maybe White Frank. One of the two. -
No not at all. I'm just presenting another argument for all of us to argue about and yell and scream. Seems to work everytime!
Josh Davis
Always looking for blackjack. Or maybe White Frank. One of the two. -
Find what Josh Gray said to me.
Josh Davis
Always looking for blackjack. Or maybe White Frank. One of the two.He was just grumpy, that's different.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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He was just grumpy, that's different.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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You made the claim that it's not correct. So I asked it. And I've been backing it up for the last couple days, maybe you're the one that needs to do research. Are you just here to give me a hard time? It really seems that way. If that's the case, I'm not laughing.
Josh Gray wrote:
I think they're a good thing and necessary for the kind of society I like to live in.
Josh Gray wrote:
useless rhetoric.
Damned right.
Josh Davis
Always looking for blackjack. Or maybe White Frank. One of the two.josda1000 wrote:
You made the claim that it's not correct.
In response to your claim. You cant twist this any other way. You made a claim, I refuted it, you can attempt to back it up or not. I dont really care.
josda1000 wrote:
Are you just here to give me a hard time? It really seems that way. If that's the case, I'm not laughing.
oh no.
josda1000 wrote:
Josh Gray wrote: I think they're a good thing and necessary for the kind of society I like to live in. Josh Gray wrote: useless rhetoric. Damned right.
I know you are but what am I?