"a middle-class family donates $1 to charity, they get 15 cents off their income tax. bill gates donates $1 to charity, he takes 35 cents off his income tax."
"a middle-class family donates $1 to charity, they get 15 cents off their income tax. bill gates donates $1 to charity, he takes 35 cents off his income tax."
robert gibbs
according to several of the largest charitable foundations, the average  percentage a person donates of his or her adjusted gross income is 3 to 5%. ...  cry for me, i'm stuck in the middle where i make enough to live a comfortable life,  but not enough to not feel the sting of taxes taking away 45% of my highest  marginal income.
apr 17, 2016 ... tax audit rates are low, but these nine red flags on your return can dramatically  increase your odds of getting a closer look from the irs. ... giving to charities can  be a great tax write-off, but if your donations are disproportionately large  compared to your income, expect the irs to ask to verify your altruism, ...
there, tech billionaires form “giving circles” to share leads on promising charities,  and they hire the same consultants to vet them. ... upper limit of what he  announced in december, $1 billion per year for the next three years, he will likely  become the world's second-largest charitable donor after bill gates. he is 31  years old.
nov 15, 2016 ... trump himself appears to have declared little or no salary over the years from  many of his companies in order to avoid paying taxes. as for how ... f. kennedy,  got into politics, it wasn't particularly difficult for him to donate his salaries to  charity when he was a member of congress and the president. (when ...
apr 1, 2013 ... federal and state taxes, on average, for each additional $1 in donations, making  their price 68 cents. economists, he said, summarize the responsiveness of  people to the cost of giving with the “price elasticity” of giving—the percentage  change in charitable donations caused by one percent increase in price ...