Quote:
Originally Posted by Clodfobble
So let's say... tax rates for every dollar over $250,000 per year went way up, but there was an option for charitable tax credits, rather than just deductions. So you would be handing over the same amount of money either way, but you would have the option to give all of it to the charity of your choice instead of the government (with, perhaps, a few restrictions on not being allowed to fund a charity that you yourself have any personal employment or association with.) That would be a-okay with you?
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Only if I get to choose the charity. And it depends on the amount of the tax. And not to a general fund controlled by the government or some groups that I do not agree with. The military has had such a system for years, pretax dollars sent to a charity of your choice, it is called CFC. What many people did not understand about it was that there were over 300 groups signed up to receive funds from it, but they never knew they could direct the funds to specific organizations. For a while there was a lot of pressure to contribute. That went away over time. But it did not replace, as in your example, the tax you actually paid. I can't think of anyone on AD who who made over 250k, so not that it matters.