tax-deductible charity

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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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Anonymous 0 Comments

People give for a variety of reasons. The tax write-off is just an additional incentive. Then again, given how poorly most people understand the tax bracket system, they may think they’re getting 100% of their donation written off.

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