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Good News for Donations To Haiti

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discocrisco01 Donating Member (524 posts) Send PM | Profile | Ignore Sun Jan-17-10 04:31 PM
Original message
Good News for Donations To Haiti
From the Buffalo News

"The states U. S. senators have proposed temporarily lifting limits on tax deductions for charitable contributions aimed at helping earthquake victims in Haiti.

Sens. Charles E. Schumer and Kirsten E. Gillibrand, both Democrats, said they would introduce legislation that would lift the limits in hopes of encouraging people to contribute to Haitian relief efforts.

Under current law, a taxpayer can take a deduction only for up to 50 percent of income a year. That means donors cannot avoid taxes by giving away all their income in a specific year. For corporations, tax deductions are limited to 10 percent of their income.

That is some good news because the Haitian economy has a LOT of rebuilding to do.
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Mika Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-17-10 04:57 PM
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1. Yeah baby! We don't need no stinkin' taxes.
NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES! NO NEW TAXES!


See? All it takes is a tax cut to make good things happen in a country that features Freedom as a headline act.



:sarcasm:

















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