2 ms·
My reading is that he was able to donate nearly all of the $3,000 worth of pudding, which means if his marginal tax rate had been about 27% that year, he'd get
by bpeebles 11y ago
My reading is that he was able to donate nearly all of the $3,000 worth of pudding, which means if his marginal tax rate had been about 27% that year, he'd get about a $810 reduction in his taxes.
- jdmichal 11y agoThat's not what the text reads, but I suppose it's possible. > But here’s the beautiful part, doing this counted as a considerable charitable donation, which let David claim just over $800 back in tax deductions at the end of they year.