Donors pulling funding from soup kitchen over Paul Ryan photoshoot

[HappySqurriel]

Kasz216 said:

twesterm said:

 Of course I ask this fully realizing these are probably the same people that only donate for tax breaks.

Nobody donates for tax breaks.

Break in taxes you get for donating is always less then the amount of money you give away.

http://www.thesimpledollar.com/2011/12/18/charity-and-your-tax-bill/

 

This is due to the fact that we have a graduated tax bracket system.

People talking about "Dropping you into a lower tax bracket" are likely people who have never done their own taxes... since we have a graduated tax bracket.

Just to put numbers to your point ...

If you have an effective tax rate of 35% and you donate $1000 to charity and get a $1000 tax deduction this results in your taxes going down by $350; which means it still cost you $650 to donate $1000 to charity.