View Single Post
  #2   Report Post  
Old March 29th 08, 06:06 AM posted to rec.radio.shortwave
[email protected] mohawk@mailpanda.com is offline
external usenet poster
 
First recorded activity by RadioBanter: Feb 2007
Posts: 93
Default NPR News.National Pentagon Radio

On Mar 29, 12:28 am, "Burr" wrote:
I can understand the "don't see" part.

I'm not a tax person so I won't say more.

Burr


No shame in not understanding the tax part - few people do. Most
people hear the "it's a tax write off" and assume that if one donates
$100 to charity they may deduct $100 off their taxes. That isn't how
it works, you can deduct the $100 from your gross income, not your tax
liability. You do decrease your tax liability some but not to the
amount you gave away.

Of course when talking about corporations they likely aren't paying
any taxes to begin with so it is a moot question.