--- In [email protected], gullible fool <[EMAIL PROTECTED]> wrote: > > > 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. > But Social Security taxes are limited to the first ~$90k of earned income, so would not affect the hypothetical Gratzon situation. 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/
