Friday, February 27, 2009
Charitable Giving
According to an article written in yesterday's LA Times, Obama is on a path of penalizing charitable giving in this country. In his 2010 budget he wants to lower your deduction for tax purposes from 33%-35% to 28%. Since the largest percentage of givers are Conservatives, Republicans and those in Bible Belt states giving to charities of choice will be drastically reduced. I'm going to like writing the next sentence. Those who are slackers when it comes to charitable giving are Liberals, Democrats and those who reside in communist blue state areas. Organizations receiving federal funds, e.g. ACORN will be unaffected. Also unaffected will be guys like Joe Biden and Al Gore who have been known to give around $300 yearly to charities of their choice.
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