Perchoutofwater Posted March 25, 2009 Share Posted March 25, 2009 Obama wants to lessen the write off of those that give the most to charities. Most charities are saying this significantly reduce their effectiveness in a time when we need charities more than ever. How can anyone support this, unless you really want to kill charities and replace them with government programs? Link to comment Share on other sites More sharing options...
keggerz Posted March 25, 2009 Share Posted March 25, 2009 Obama wants to lessen the write off of those that give the most to charities. Most charities are saying this significantly reduce their effectiveness in a time when we need charities more than ever. How can anyone support this, unless you really want to kill charities and replace them with government programs? God forbid someone were to give to a charity because they believe in what the charity stands for instead of what sort of write off they get for giving to a charity...that has ALWAYS been something that didnt sit well with me. Link to comment Share on other sites More sharing options...
Perchoutofwater Posted March 25, 2009 Author Share Posted March 25, 2009 God forbid someone were to give to a charity because they believe in what the charity stands for instead of what sort of write off they get for giving to a charity...that has ALWAYS been something that didnt sit well with me. That may be true, but what the government takes from you, you can't use or give to charity. The less I'm taxed the more I'm willing to give to charity. Link to comment Share on other sites More sharing options...
Ursa Majoris Posted March 25, 2009 Share Posted March 25, 2009 A Perch responds: lol Bill, i see you jus one of those "stick it to the rich guys" huh? we dont need ppl like you in this country cuz you offer nothing and take as much as u can. deregulation is no where near the cause of the current mess so please go spread ur bs somewhere else. you say the free-market system (capitalism) has ruined countries? name one. socialism,communism,nationalism,marxism have all destroyed more lives and more countries than any war ever has. your conclusions are all wrong and i suspect are jus parroted from media ppl cuz you jus laid out they same exact crap that everyother miss-informed person spouts, nothing diff in what u said. Link to comment Share on other sites More sharing options...
Perchoutofwater Posted March 25, 2009 Author Share Posted March 25, 2009 A Perch responds: Link to comment Share on other sites More sharing options...
Ursa Majoris Posted March 25, 2009 Share Posted March 25, 2009 I just stumbled on it as I was looking for some more info on this write-off limit. Pretty funny - I wonder where he lives? Wall Street maybe? Link to comment Share on other sites More sharing options...
WaterMan Posted March 25, 2009 Share Posted March 25, 2009 God forbid someone were to give to a charity because they believe in what the charity stands for instead of what sort of write off they get for giving to a charity...that has ALWAYS been something that didnt sit well with me. Many average Americans don't do write offs due to them either helping out a charity that helped them when they needed it or they do it for a moral conviction from a religion. They don't look at it as a money thing. But you won't see billboards telling you to donate to churches and shelters. The only ones you see are telling you to donate your $3 million dollar boat. Link to comment Share on other sites More sharing options...
i_am_the_swammi Posted March 25, 2009 Share Posted March 25, 2009 Cmon Perch....your hate for Obama is beginning to cloud your rational thinking. You are beginning to reach. Chartities will be much better off in the long run if the economy is fixed and the ordinary Joe can start giving again. And if some guy making $1M+ per year is really gonna have to curtail his philanthopic ways because he is not getting an additional 11% write-off, the country has bigger problems than that. I'd really like to see some multi-millionaire stand up in his $5,000 suit and say he can't give to charities because he won't be able to write-off as much as he could last year. Link to comment Share on other sites More sharing options...
keggerz Posted March 25, 2009 Share Posted March 25, 2009 (edited) That may be true, but what the government takes from you, you can't use or give to charity. The less I'm taxed the more I'm willing to give to charity. YOU aren't a big business...big business could give two sh1ts about the charity they are donating to....they are only worried about how it works accounting wise for them...write, wrong or indifferent this is just something that has always rubbed me the wrong way. edit: you don't have to always give money to help a charity...the government cant take the time you decide to donate to help a charity Edited March 25, 2009 by keggerz Link to comment Share on other sites More sharing options...
Chargerz Posted March 25, 2009 Share Posted March 25, 2009 Chartities will be much better off in the long run if the economy is fixed and the ordinary Joe can start giving again. The President made this observation tonight in his news conference. I have to agree. Link to comment Share on other sites More sharing options...
Yukon Cornelius Posted March 25, 2009 Share Posted March 25, 2009 good now they will get the same as the rest of us smucks we we do deductions. Link to comment Share on other sites More sharing options...
WaterMan Posted March 25, 2009 Share Posted March 25, 2009 good now they will get the same as the rest of us smucks we we do deductions. Those rich folk hate to be lowered to our level in any way. Link to comment Share on other sites More sharing options...
Ursa Majoris Posted March 25, 2009 Share Posted March 25, 2009 YOU aren't a big business...big business could give two sh1ts about the charity they are donating to....they are only worried about how it works accounting wise for them...write, wrong or indifferent this is just something that has always rubbed me the wrong way. Not true of all big businesses. My company isn't exactly Bechtel but we give 10% of our pre-tax to charity and charitable or community work is a big hairy deal. We have a major fundraising event annually, there are numerous charitable efforts we can sign up for, charity time (within reason) counts as work time and we're encouraged to donate time and money (which can be done through payroll). Link to comment Share on other sites More sharing options...
keggerz Posted March 25, 2009 Share Posted March 25, 2009 Not true of all big businesses. My company isn't exactly Bechtel but we give 10% of our pre-tax to charity and charitable or community work is a big hairy deal. We have a major fundraising event annually, there are numerous charitable efforts we can sign up for, charity time (within reason) counts as work time and we're encouraged to donate time and money (which can be done through payroll). i actually was going to add an * * not all but a large majority of big businesses Link to comment Share on other sites More sharing options...
Randall Posted March 25, 2009 Share Posted March 25, 2009 He's trying the reverse the destruction to our country started by Reagan. We used to make things in this country. We are now a consumer nation with hugh consumer debt and when in trouble have far more trouble getting out of it. We should lead the world in innovation not spending. Link to comment Share on other sites More sharing options...
bushwacked Posted March 25, 2009 Share Posted March 25, 2009 Obama wants to lessen the write off of those that give the most to charities. Most charities are saying this significantly reduce their effectiveness in a time when we need charities more than ever. How can anyone support this, unless you really want to kill charities and replace them with government programs? He's trying the reverse the destruction to our country started by Reagan. We used to make things in this country. We are now a consumer nation with hugh consumer debt and when in trouble have far more trouble getting out of it. We should lead the world in innovation not spending. Randall 2: The Perch Bugaloo. Link to comment Share on other sites More sharing options...
Azazello1313 Posted March 25, 2009 Share Posted March 25, 2009 God forbid someone were to give to a charity because they believe in what the charity stands for instead of what sort of write off they get for giving to a charity...that has ALWAYS been something that didnt sit well with me. well, you can't make money by giving to charity. I mean, if you have to write a check for $10,000 in order to save $3,000 on your taxes -- I don't think the motivation is the write-off. really it just affects how much you can give. if you can take it out of your pre-tax income, you can afford to give 25%, 28%, 35% (or whatever your top marginal tax rate is) more than if you take it out of your after-tax income. taxing what people give to charity seems bizarre to me, and yeah, it will REALLY affect organizations that rely on large donations. Link to comment Share on other sites More sharing options...
Perchoutofwater Posted March 25, 2009 Author Share Posted March 25, 2009 Many average Americans don't do write offs due to them either helping out a charity that helped them when they needed it or they do it for a moral conviction from a religion. They don't look at it as a money thing. But you won't see billboards telling you to donate to churches and shelters. The only ones you see are telling you to donate your $3 million dollar boat. That would be because most just take the standard deducation. Go up stairs and ask mommy about it, I'm sure she can tell you. Link to comment Share on other sites More sharing options...
Perchoutofwater Posted March 25, 2009 Author Share Posted March 25, 2009 good now they will get the same as the rest of us smucks we we do deductions. Can i pay the same percentage as you on my income as well? I mean you want to bring me down to your level right. Link to comment Share on other sites More sharing options...
bushwacked Posted March 25, 2009 Share Posted March 25, 2009 Can i pay the same percentage as you on my income as well? Yup, PM me for my paypal addy. Link to comment Share on other sites More sharing options...
WaterMan Posted March 25, 2009 Share Posted March 25, 2009 That would be because most just take the standard deducation. Go up stairs and ask mommy about it, I'm sure she can tell you. Come tax time most people doing it for moral reasons/returning of help don't remember donating clothes or canned goods. They like to work to get their money. Not have lawyers squeeze oranges for everything they donate. Link to comment Share on other sites More sharing options...
WaterMan Posted March 25, 2009 Share Posted March 25, 2009 Can i pay the same percentage as you on my income as well? I mean you want to bring me down to your level right. They are trying to take back the posh treatment a certain tax bracket has received. It was something about CEOs stealing money from hard workers. Now the government is relaxing taxes on the other brackets who had their retirement savings stolen. Now the insiders are crying about making less money. Link to comment Share on other sites More sharing options...
evil_gop_liars Posted March 25, 2009 Share Posted March 25, 2009 Have to agree here!!! Link to comment Share on other sites More sharing options...
Azazello1313 Posted March 25, 2009 Share Posted March 25, 2009 YOU aren't a big business...big business could give two sh1ts about the charity they are donating to....they are only worried about how it works accounting wise for them...write, wrong or indifferent this is just something that has always rubbed me the wrong way. again, that's not really true when you have to give away many times more than the write-off in order to take the write-off. corporations still do it primarily out of self-interest (that's all corporations can really do), but it's more because they want to look good, engender good will in the community, and so on. Link to comment Share on other sites More sharing options...
Perchoutofwater Posted March 25, 2009 Author Share Posted March 25, 2009 Chartities will be much better off in the long run if the economy is fixed and the ordinary Joe can start giving again. I don't know how much you know about charities. I know quite a bit, as my family (my mother and wife particularly in fund raising, my father in admininistration) is very much involved in charities. Most of the money that comes in to charities comes from those that will be affected by this tax. It will affect the businesses that help underwright the events probably the most. This will make it much harder to have large charity fund raising events which are the lifes blood of charities. This will severly cripple charities. This isn't about what is right, this is about class warfare. Just look at Yukon's response in this thread. He doesn't want them to get deduction based on the higher percentage that they pay, but he wants them to continue to pay more. It is about equal outcomes. Some won't be happy until everyone makes the same amount of money, or at least get to keep the same amount. Link to comment Share on other sites More sharing options...
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