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by WalterBright
3186 days ago
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2. Itemized deductions get phased out once income exceeds a certain threshold, plus you get subject to the Alternative Minimum Tax. 3. There are limits to how much can be put in them. 4. Sure, you get a tax deduction for donations to charity. But you NO LONGER HAVE THE MONEY. You gave it away. Giving money away is giving away the wealth. |
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