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To: hripka

"Saving $390 (or my marginal income tax rate amount) reduces the impact of my giving the $1000. It sure affects my thinking when I write out a check to a charity. And Boortz pooh-poohs this? It must affect others as well."

The purpose of the charitable contributions deduction is so that you can donate pre-tax dollars. However, there are many limitations imposed by the IRC. With the FairTax, all donations are made with pre-tax dollars, and are not subject to any government limitations. For example, less than 40% of US tax filers itemize. With the FairTax, you don't need to itemize.


183 posted on 09/28/2005 8:05:52 PM PDT by phil_will1 (My posts are in no way limited or restricted by previously expressed SQL opinions)
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To: phil_will1
The purpose of the charitable contributions deduction is so that you can donate pre-tax dollars. However, there are many limitations imposed by the IRC. With the FairTax, all donations are made with pre-tax dollars, and are not subject to any government limitations.
Except the charity pays FairTax on their purchases (unless they are producing something for sale) so the real value of the gift is the same.
243 posted on 09/29/2005 6:17:32 AM PDT by Your Nightmare
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