Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Clairity
From the linked article: "Not surprisingly, some charities fear it could cut donations, although it would obviously have no effect on the behavior of billionaires like Warren Buffett and Bill Gates, who have pledged to give away half or more of their wealth."

Somebody help me here. I haven't had opportunity to donate a billion dollars recently, but it was my understanding that the entire amount would be a deduction against taxes.

Wouldn't the loss of that deduction, especially if the billion was raised through sales of equities not yet taxed, increase the burden of the giver from one billion dollars to 1.3 billion dollars or so?

Are the liberals really trying to claim that charities will not suffer if the cost of giving a billion dollars rises by 30%?

Whatever it is that Bill Gates is willing to give up, if the amount that must go to the state increases, how will the amount given to the charity not decrease?

12 posted on 07/09/2011 1:38:49 PM PDT by William Tell
[ Post Reply | Private Reply | To 1 | View Replies ]


To: William Tell
Your problem is that you're actually thinking (one of the first signs of this is using basic arithmetic, common sense, or quantified reasoning.)

The correct approach is this "argument" based entirely on emotion [No linearity should be inferred from the list format in this "reasoning," these feelings arrive randomly and are connected only haphazardly in actual liberal neurological pathways]:

You get the idea. It's all kind of jarring and unpleasant up there in the liberal "brain." Mostly just random resentments, and weird ideas about what constitutes morality, science, or economics. I've actually kind of hurt my brain doing it, so I'm going to curl up with Real and Complex Analysis by Rudin for a bit as a nice anodyne. I hope this was instructive. It's been a sacrifice, but you did say you needed help.

24 posted on 07/09/2011 2:05:44 PM PDT by FredZarguna (Titles are but nicknames, and every nickname is a Title. -- Thomas Paine)
[ Post Reply | Private Reply | To 12 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson