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Originally Posted by usnamom  I would be interested in what those of you who do not care for President Obama's plan think is the right way out of this mess we are in? Even though I didn't care for GWB, I still was able to give credit where credit was due...when 9/11 happened, I was one of those cheering and behind him all the way....until much later.
I didn't find fault with his plans unless I had thought of an alternative. Or are you all "whatever he does is wrong, I don't have an answer but I know that his answer is wrong". Just curious. |
I think that if the Feds need to raise taxes than raise them. . .but reducing the incentive to give to charities isn't really the best way to go about raising revenue right now.
I kind of see it in really simplified terms. If you had $20 and you wanted to give away $10 to a charity and the the IRS was only going to tax you on the $10 you have left. You get $10, the charity gets $10 and Uncle Sam gets taxes on the $10. BUT now you would have that same $20, You would get $10, the charity only gets $5, Uncle Sam gets $5 plus the taxes on your $10. To me. . .let the charity keep their $10 and just raise taxes on the remaining $10 if you have to. Did that make any sense?