Post Profile

Buffet: Trump Wrong on Deduction Claim; And I Give Away Roughly His Net Worth to Charity Yearly

``Buffett says that his total charitable contributions for the year were $2,858,057,970 (not a typo), of which "more than $2.85 billion were not taken as deductions and never will be." He notes that "Tax law properly limits charitable deductions.'' -- See also Bloomberg's coverage of riposte.
read more


Related Posts

Tolan: Obama's Proposal to Limit Tax Deductions for High-Income Donors Would Undermine Charitable Giving

Business & Finance / Taxes : TaxProf Blog

Patrick E. Tolan, Jr. (Barry), Compromising the Safety Net: How Limiting Tax Deductions for High-Income Donors Could Undermine Charitable Organizations, 46 Suffolk U.L. Rev. 329 (2013): With the election behind us, tax reform looms ...

Zelinsky: Congress Should Limit the Estate Tax Charitable Deduction

Business & Finance / Taxes : TaxProf Blog

Edward A. Zelinsky (Cardozo), Limit the Estate Tax Charitable Deduction: One widely-discussed possibility for reforming the federal income tax is limiting the deduction for charitable contributions. Whether or not Congress amends th...

Some Tax Facts for Donald Trump

Business & Finance / Investing : The Big Picture

Published without comment:   OMAHA, Neb.–(BUSINESS WIRE)–Answering a question last night about his $916 million income tax loss carryforward in 1995, Donald Trump stated that “Warren Buffett took a massive deduction.” Mr. Trump says...

Making Charitable Contributions Tax Deductible

Business & Finance / Taxes : IRS Tax Problem Solver Blog

Those who make contributions to charity can claim deductions on their taxes based on what they contribute. But remember it is not a dollar for dollar deduction. In other words, if you contribute $300 to charity, you are not eligible...

Why Limiting the Charity Tax Deduction Won’t Destroy Charities

Business & Finance : The Curious Capitalist

At least one part of negotiations over the fiscal cliff appears misguided: Eliminating or capping the tax deduction for charitable contributions isn’t as big a deal as some fear. Republicans have proposed raising $800 billion over 1...


Copyright © 2016 Regator, LLC