[JimSEA]

Look at it this way, you and I see a poor kid on the street begging. I ask you, "Give me ten dollars and after my expenses are deducted and I retain operating expenses for next year, I will give the kid thirty five cents.

Sounds like a good deal to me.

I admit to being skeptical about charity scams while recognizing the importance of nongovernmental charitable donations.

[Rippin]

Right but what if I spend $1M to build a soup kitchen on the corner and let the kid come for free whenever he wants? The soup kitchen is in a building that is listed as an asset and therefore not an expense on a tax return. I’m just saying you need to understand the whole financial picture and tax returns don’t give you that.