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by almost 5934 days ago
"Makes the donation essentially cost free to the donor via tax deduction."

You what now? Either the US tax system works in some very weird way or that doesn't make any sense.

1 comments

Pretend I donate a hundred dollars to NPR. I get a tote, mug, and some other stuff that I might value (i.e., otherwise purchase) at $50, but is nominally valued at $10.

I then get to deduct $90 from income on my tax return, and assuming I'm in a high tax bracket, I get to pay about $30 less in taxes.

Hence, I effectively donated $20 - while the recipient effectively received $90.

Not quite cost free, but not terrible. And yes, I know it's cheating to deduct the 'value' of the gifts - but it's the only semi-reasonable thing I can think of.

yeah, you can save a lot of money cheating on taxes if you don't get audited... but I don't think NPR is selling a more effective means of cheating on your taxes.

I think that the mooch bait is much more about having a way to show off "I am a generous and wealthy person, and I gave to this worthy cause" much like tipping heavily when you take your co-workers out to lunch. I mean, I don't really need another bag.

I understand tax deductible. But that doesn't make it free. Unless you really do have a mighty need for the free gifts :p

I'm kind of having a hard time taking anything else this author says seriously when he also says that.