jeffw@lemmy.worldM to News@lemmy.world · 8 months agoWill and Jada Pinkett Smith charity closes down after decreasing donations post-Oscar slapwww.salon.comexternal-linkmessage-square59fedilinkarrow-up1315arrow-down113
arrow-up1302arrow-down1external-linkWill and Jada Pinkett Smith charity closes down after decreasing donations post-Oscar slapwww.salon.comjeffw@lemmy.worldM to News@lemmy.world · 8 months agomessage-square59fedilink
minus-squareKecessa@sh.itjust.workslinkfedilinkarrow-up14arrow-down2·8 months agoYou lower your tax burden by as much as the taxes you would have otherwise paid on the money you gave to charity. If you give 100$ that would have been taxed at 30%, you get a 30$ tax deduction, you’re still down 70$.
You lower your tax burden by as much as the taxes you would have otherwise paid on the money you gave to charity.
If you give 100$ that would have been taxed at 30%, you get a 30$ tax deduction, you’re still down 70$.