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Give cash subsidy, not a writeoff

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Updated: December 26, 2012 - 8:46 PM

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hobie2Dec. 27, 12 9:11 AM

$100,000 charitable contributions - for those in the 15% tax bracket... I suppose a former Bush administration adviser would worry about all those people in the 15% bracket giving $100,000 to charity...

davehougDec. 27, 1212:26 PM

Valid point. If Congress decided how much to spend on a worthy deduction it would be open for debate. Now nobody makes a decision year afer year what does this cost and what should it cost.

arspartzDec. 27, 1212:37 PM

In other words, you want to change the deduction into a refundable tax credit. Yet another way to make people into net tax receivers. If I have an AGI of zero, another deduction is of no befit, under this plan, I become a profiteer off of the 53%!!! Good Plan!!!NOT.

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