That's not correct Chuck... I know many wealthy LDS people that donate
stock for tithing. They will only accept the "larger" stocks, such as
Apple, Google, Amazon, GM, Ford, etc... but they do take it, and lots of
people use that option.
On 10/13/2016 6:21 PM, Chuck McCown wrote:
My church only takes dollars...
*From:*Af [mailto:af-boun...@afmug.com] *On Behalf Of *Lewis Bergman
*Sent:* Thursday, October 13, 2016 9:49 AM
*Subject:* Re: [AFMUG] OT: AAPL
I use this tax strategy years ago and it enabled me to donate more
money and pay less tax.
On Wed, Oct 12, 2016, 3:45 PM Jon Langeler <jon-ispli...@michwave.net>
Thanks for the tips! AAPL may be a good buy right now but not a steal
Michwave Technologies, Inc.
> On Oct 12, 2016, at 12:07 PM, Travis Johnson <t...@ida.net> wrote:
> I'm all in on AAPL at $114 (a few weeks ago). Keep blowing up
those phones Samsung... LOL
> This is a longer term investment... making 2% dividends is
better than most bank CD's or savings accounts, and Apple has made
a 16% annual return over the last 5 years. Even if their stock
just holds (which it won't now because of the Samsung thing, etc),
it's making 2% and it's still "liquid" according to the banks,
which helps on personal financial statements.
> AND, the new hip thing to do is donating stock to your church as
a charitable donation. You don't have to pay the tax on the
increase if you sold it first, you just transfer it at the current
value. Amazing the tax tricks these church going people come up