Uncle Sam's Christmas Special: Widows and orphans robbed in tax code switcheroo

Troubleshooter · 12-24-2004, 10:25 PM

Sometimes I wish the sun would take a giant dump on Washington so we could start over.

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New laws that take effect just after the holiday season allow Uncle Sam to take more money come tax time. The extra money comes from those who donate their cars to charity, but discover that the amount they can deduct has shrunk dramatically. The truly humbug twist is who will get hurt by the grab—charities that generate income from donated cars and the needy people they help. More than 4,000 organizations help everyone from battered women to single moms to disabled veterans, but Americans will soon have less incentive to support such efforts.

Whole thing here.

12-24-2004, 10:25 PM	#1
Troubleshooter The urban Jane Goodall Join Date: Jan 2004 Location: Florida Posts: 3,012	Uncle Sam's Christmas Special: Widows and orphans robbed in tax code switcheroo Sometimes I wish the sun would take a giant dump on Washington so we could start over. ~~~~~~~~~~ New laws that take effect just after the holiday season allow Uncle Sam to take more money come tax time. The extra money comes from those who donate their cars to charity, but discover that the amount they can deduct has shrunk dramatically. The truly humbug twist is who will get hurt by the grab—charities that generate income from donated cars and the needy people they help. More than 4,000 organizations help everyone from battered women to single moms to disabled veterans, but Americans will soon have less incentive to support such efforts. Whole thing here. __________________ I have gained this from philosophy: that I do without being commanded what others do only from fear of the law. - Aristotle

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