It’s tax fraud.
States are not IRS tax-free charities.
LOL!
“Mandatory charities.”
Well, taxes are...
How can this be a winner for the democrats, are they really that stupid? Trump and the Republicans have given the American people the first meaningful tax cute since Ronald Reagan. Now the democrats want to take it away from the people? It appears they are vying to be hunted down and run out of town.
This won’t fly with the IRS.
Sounds like plain, old “Fraud” to me.
As was pointed out in earlier threads, if a state reduces your tax bill by the amount that you “donate” to the state, you have to subtract the value received from the donation. So until you donated more than the amount of your taxes, you have zero charitable deduction.
If the tax changes have left in place deductions for charities, then I don’t see the illegality of it.....it’s just that I don’t get the math...it won’t help much those folks who still have to pay high state and local taxes.
You can fool some of the people some of the time but don’t mess with the IRS.
A scheme for the rich.
“...a tax avoidance scheme by the wealthiest Americans...”
The whole point is that reducing taxes stimulates growth, and the democRATS don’t want growth....it contributes to glo-bull warming.
The democRATS want taxes as high as possible to strangle the USA and kill off the middle class. Once the middle calss has been dispatched, and guns become prohibitively expensive (if you’re making minimum wage, guns are extremely expensive) they can then vote to repeal the 2nd Amendment.
This is all about creating a two-tiered society. The wealthy and everyone else.
I’m moving to California! No, wait! I’m just going to mail them some money as a donation from my low tax home because I want to be a part of the resistance!
BWAAAHAAHA HA HA Ha haha haha haheeheehee...
Got the idea from the Clinton Foundation ,LOL
if it is charity then California can’t force citizens to contribute to it
and any contributions or portions of contributions which California receives and then offsets (deducts) against a citizen’s state income tax obligation.... cannot be deducted by said citizen from his/her federal income taxes
this is federal tax law, has been my entire life, it is certainly nothing new.. any lawyer or CPA or EA can confirm this fact.
“U.S. States Eye Donations”
I see a whole bunch of Libs with eye patches
how is the charity deduction going to work?...is it added as a credit which would make sense or do you add it in with your usual deductions...still, wouldn’t you have to have at least the $24 thousand to deduct for it to help you at all?