Why an Obama Presidency is so important: The poor pay more for Necessities

[Avinash_Tyagi]

coolestguyever said:

Avinash_Tyagi said:

coolestguyever said:

Avinash_Tyagi said:

coolestguyever said:
I understand that the poor can't afford to pay a lot but that doesn't mean we should exploit the rich. With all the programs in place for poor people there is becoming less and less incentive to work hard and become rich, you know your going to be taxed through the ass and get no special treatment.

Also another thing to note: Who is it that's donating large amounts of money to charity? Is it the poor guy who is barely getting by?? No its the rich guy with lots of disposable income. Not only are we being taxed, but the more generous rich people also donate to charity like my father.

 

The rich donate for the tax breaks, no other reason, how do I know that, because the only way that the data would be collected on who donates is if people file it in their taxes, if it was done anon, there would be no data on who gave money to charity.

 

We should tax the rich more, and their cap gains as well

Your right on. Nobody donates out of kindness or anything, its just the tax breaks. My dad doesn't donate to the foundation for the mentally challenged because his sister is mentally retarded...no its for the tax breaks. My Uncle doesn't donate to diabetes research because his son is diabetic, its for the tax breaks.

Come on dude most of the people either donate for random kindness or they know someone with a certain disease like diabetes, breast cancer, etc.

 

Do they write it off on their taxes, or just give without worrying about what they get back?  If they give and then expect to get tax breaks because of it then no they aren't giving for altruistic reasons.  People who are truly altruistic don't expect recognition or money back for their actions, they just give.

It doesn't take away from how generous it is if you write it off on your taxes. Plus you don't get all the money you donate off of your taxes. If you donate $1000, you don't get $1000 off your taxes. I don't know how much you do get, but its not the full amount.

Donations lower your taxable income, you can use it to reduce what income bracket you are in