Thread: The Tax Shift
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Old 11-02-2008, 10:51 PM   #36
smoothmoniker
to live and die in LA
 
Join Date: Feb 2003
Location: Los Angeles
Posts: 2,090
Quote:
Originally Posted by HungLikeJesus View Post
Maybe I missed it above, but is the issue that he did not use his money to help someone less fortunate, or that he didn't take a charitable tax donation?
Then they would show up as gifts, and the recipients would pay a gift tax on them. If that's the case, the campaign would be quick to point it out, "Hey, he may have only taken a 1% tax deduction, but he gave away $25,000 in gifts to people who needed it".

This seems very unlikely.
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