Quote:
Originally Posted by redpoint5
No political party will talk about this on the whole though, because they are both playing the same game from different sides.
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They're on the same side. Their donors are mostly on the same side. Their voters tend not to be, so they try to make it look like thry're on different sides.
Quote:
Originally Posted by Xist
People talk about the rich donating to charity just for the tax deduction.
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It's not about firing money at generic "charity" for tax reasons, it's about structuring spending that you wanted to do anyway to make it deductible. Hobbies, interests and local advertising suddenly become philanthropy and deductions. This is easier to pull off than trying to set up your hobbies as legitimate business expenses: If you donate enough to your kid's little league team, their shirts will have your hardware store's name on them... and you get a write off. If you like hobnobbing with other rich people at the theater and always having great tickets when a good act comes to town...