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Yet he wants to make mandatory volunteering! He talks about how he is for the poor yet a tax like this is the total opposite of his campaign spiel!
This again goes with the liberals do not give as much or care as much about the poor and the conservatives.
Obama's charity tax
President Obama's charity tax will make foundations lose about $4 billion this year, a 'marginal' amount in Barack Obama's world.
He says charities will only suffer because the economy is slowing down and his tax won't hurt giving to charitable organizations.
The evidence says quite the opposite---in fact, his charity tax will hurt foundations ten times more than the economic downturn. ( Transcript, Insider Audio)
How does Obama defend his tax on charities? Quote: It is unfair for higher income donors to get a larger tax break for their gifts, end quote.
Oh, those evil rich people again. I hate them! Eat them! They're so evil.
In fact, they are pretending to help people in need just so they can get a tax break. It's a game. They are just pretending.
Obama also said that charitable giving would only be reduced marginally.
Well, I'm not sure that the words in Barack Obama's world mean the same thing in, you know, your world.
What's marginally in Barack Obama's world? $4 billion.
Last year despite the worsening economic climate, charities reduced their donations by only $456 million.
Yet he wants to make mandatory volunteering! He talks about how he is for the poor yet a tax like this is the total opposite of his campaign spiel!
This again goes with the liberals do not give as much or care as much about the poor and the conservatives.
Obama's charity tax
President Obama's charity tax will make foundations lose about $4 billion this year, a 'marginal' amount in Barack Obama's world.
He says charities will only suffer because the economy is slowing down and his tax won't hurt giving to charitable organizations.
The evidence says quite the opposite---in fact, his charity tax will hurt foundations ten times more than the economic downturn. ( Transcript, Insider Audio)
How does Obama defend his tax on charities? Quote: It is unfair for higher income donors to get a larger tax break for their gifts, end quote.
Oh, those evil rich people again. I hate them! Eat them! They're so evil.
In fact, they are pretending to help people in need just so they can get a tax break. It's a game. They are just pretending.
Obama also said that charitable giving would only be reduced marginally.
Well, I'm not sure that the words in Barack Obama's world mean the same thing in, you know, your world.
What's marginally in Barack Obama's world? $4 billion.
Last year despite the worsening economic climate, charities reduced their donations by only $456 million.
It is just another part of his plan to make ever more people dependent upon government. He also wants the tax money, so he can decide where the money goes.
Charity is the act of doing something out of the goodness of your heart. If you DO charitable work ONLY for the benefit of the tax break, then how charitable are you really being?
Why is it only worth giving to Charity if there is a bigger tax break attatched to it?
Charity is the act of doing something out of the goodness of your heart. If you DO charitable work ONLY for the benefit of the tax break, then how charitable are you really being?
Why is it only worth giving to Charity if there is a bigger tax break attatched to it?
Charity is the act of doing something out of the goodness of your heart. If you DO charitable work ONLY for the benefit of the tax break, then how charitable are you really being?
Why is it only worth giving to Charity if there is a bigger tax break attatched to it?
Then by going by your line of thinking, wouldn't making volunteering mandatory be something of an oxymoron and thus useless?
Charity is the act of doing something out of the goodness of your heart. If you DO charitable work ONLY for the benefit of the tax break, then how charitable are you really being?.......
You're being less charitable but to those on the receiving end of the charity, the ones that really count here, why would they care about the giver's motives?
More for charity is a good thing.
The govt doing things that would lessen or inhibit charitable giving seems rather stupid.
"And so the most important thing that I can do for charitable giving is to fix the economy, to get banks lending again, to get businesses opening their doors again, to get people back to work again. Then I think charities will do just fine."
Thought you "conservatives" wanted people to go to work?
You're being less charitable but to those on the receiving end of the charity, the ones that really count here, why would they care about the giver's motives?
More for charity is a good thing.
The govt doing things that would lessen or inhibit charitable giving seems rather stupid.
Simple math.
I'm not neccesarily concerned with the motives.. but it is kind of hypocritical to give ONLY because you get a big tax write off for it. It's not really "charity" then..not in it's true form .. it's only self serving personal gain.
True charity is given from the heart for no other reason than to help others.. not oneself.
So many of us object to subsidizing others through the government 'taking' our money that I find it rather hypocritical to want the government to subsidize our charitable donations .
I doubt the ordinary joe-on-the-street is concerned about this as much as corporations and the ultra wealthy who give huge amounts are.
But, I'd guess we already realize in those instances it's an accounting issue along the lines of advertising/good PR more than it is genuine concern
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