> Under U.S. tax laws, you can only give 50% of your > income and deduct it > from your taxable income, so it's highly unlikely > that Gratzon could > possibly have made a offer which would have resulted > in his owing large > sums to the U.S. Treasury.
Plus, charitable deducations from personal income can reduce only federal taxes, and not FICA taxes, which can often be higher than federal taxes. In my state, state taxes cannot be reduced, either. --- Rick Archer <[EMAIL PROTECTED]> wrote: > on 5/15/05 8:03 PM, bbrigante at > [EMAIL PROTECTED] wrote: --- bbrigante <[EMAIL PROTECTED]> wrote: > --- In [email protected], Rick Archer > <[EMAIL PROTECTED]> wrote: > > on 5/15/05 5:52 PM, Vaj at [EMAIL PROTECTED] wrote: > > > > > > Several parts of Earl's letter seem like > reaction formations--but > other > > > parts ring true. One of the most disturbing was > the report of Mahesh > > > lamenting his inability to milk the Kaplan's > entire fortune. It > really > > > paints a sinister picture of a greed-crazed > avaricious man that has > > > been heard again and again and again. Only this > time you hear a > clear > > > source on this. I found it chilling in it's > portrait of M. > > > > Fred Gratzon told a story of how he offered > Maharishi all of his > money, or > > all of his stock in Telegroup, and Maharishi was > angry at him. Then he > > offered him half of it, and Maharishi was pleased. > If Cliff is > reading this > > perhaps he can clarify or elaborate. > > ********* > > Under U.S. tax laws, you can only give 50% of your > income and deduct it > from your taxable income, so it's highly unlikely > that Gratzon could > possibly have made a offer which would have resulted > in his owing large > sums to the U.S. Treasury. > > > > > To subscribe, send a message to: > [EMAIL PROTECTED] > > Or go to: > http://groups.yahoo.com/group/FairfieldLife/ > and click 'Join This Group!' > Yahoo! Groups Links > > > [EMAIL PROTECTED] > > > > > __________________________________________________ Do You Yahoo!? Tired of spam? Yahoo! Mail has the best spam protection around http://mail.yahoo.com To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
