...In 1998, then-Vice President Al Gore was criticized for donating only $353 to charity in 1997 despite earning $197,729...
www.bloomberg.com/apps/news?pid=20601087&sid=aHdvU_NJzIcI&refer=home
The New Rules Of Giving
12.11.06
...Congress also gave the IRS authority to deny deductions for items of "minimal monetary value"--such as socks and underwear--donated after Aug. 17, even if they're in good condition. On his 1986 return, (Bill Clinton deducted $6 for three pairs of underwear and $75 for a suit with ripped pants given to the Salvation Army)...
forbes.com/forbes/2006/1211/218.html...Congress also gave the IRS authority to deny deductions for items of "minimal monetary value"--such as socks... What if someone were to donate a pair of black, calf-length socks, and they were then auctioned for $4300 on eBay. Would the deduction limit still apply?