PRESIDENT OBAMA ON RECONSIDERING TAX DEDUCTIONS FOR MORTGAGE INTEREST AND CHARITIES
December 5, 2009 by admin
Filed under Interest Rate
President Obama upon reconsidering taxation deductions for debt seductiveness as well as charities
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4 Responses to “PRESIDENT OBAMA ON RECONSIDERING TAX DEDUCTIONS FOR MORTGAGE INTEREST AND CHARITIES”Speak Your Mind
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So if you give your entire income ( assuming one can afford too) to charity you still will be taxed?
He’s an idiot.
This is some seriously fuzzy math! The charitable deduction is not a reason for giving – true – but it is a simple issue of how much an individual can afford to give. Reduce the deduction and you reduce the giving – period. Would you rather have that money in the hands of a local charity or fueling a plane for Nancy Pelosi to travel the World? And of course, the top 1% won’t impact approval ratings. That is the real story here isn’t it?
What evidence is he talking about? Would love to see that.