201
submitted 9 months ago by snek@lemmy.world to c/world@lemmy.world
you are viewing a single comment's thread
view the rest of the comments
[-] CrayonRosary@lemmy.world 2 points 9 months ago* (last edited 9 months ago)

For real, though. If the top-end of someone's income is in the 28% tax bracket, and they donate $1000 to a qualified charity, then they get back the 28% tax they paid on that $1000, which is $280. They still donated $720 of their own money.

I say "their own money" because you could argue that the $280 is "America's" money, but it's not. The person donating the $1000 effectively never earned that money. Giving to charity is like redirecting your pre-tax income to the charity, so you don't get taxed on it since it's now the charity's money, and the charity doesn't pay income tax. The $280 was money that the government had withheld because they didn't yet know you were redirecting that income to charity.

Also, it's not cool to try to insult someone just because they criticized your comment. You need to keep an open mind. Especially since you were, in fact, wrong. You should only insult someone for being an asshole, or greedy, or racist, or a Trump supporter, etc., and not make yourself look like an idiot by assuming someone who points out your obvious error is a Trump supporter.

this post was submitted on 24 Dec 2023
201 points (95.5% liked)

World News

38824 readers
1977 users here now

A community for discussing events around the World

Rules:

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS