[Foundation-l] Fwd: The question of tax-deductible donations

Wed Oct 24 20:05:08 UTC 2007

On 10/24/07, Gregory Maxwell <gmaxwell at gmail.com> wrote:
> On 10/24/07, Sebastian Moleski <sebmol at gmail.com> wrote:
> > This incentive of course gets stronger the higher the individual tax rate
> > is. The top tax rate in the United States in 2006 was 35% but you had to
> > make at least $336,551 to fall into that bracket
>
> *nit: Thats also the number for the whole household income of married
> couple filing jointly, so it's arguable to half that number.
>
*second nit.  Those in the 35% backet are most likely to have hit the
3% phaseout rule for their itemized deductions, in which case they
won't get the full 35% deduction.