How is it possible to give to charity “for the tax write offs”? I see that you don’t pay 30~40% tax on the amount you donated, but you no longer have 100% of the amount so surely you’re worse off.
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People don’t donate money just to receive a tax break. That’s just something that cynical people say to dismiss the charitable contributions of the wealthy. The exceptions are some of the foundations that are really just fronts to pay off their friends and political allies.
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