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I would love to give all my income minus expenses. I could easily make it so I have zero after my expenses. But that's not how things work for individuals...
by sbov 10y ago
I would love to give all my income minus expenses. I could easily make it so I have zero after my expenses. But that's not how things work for individuals... and that's a large part of the difference.
- refurb 10y agoMaybe a better analogy is don't take advantage of the tax relief as laid out in the law. The tax authorities wouldn't stop you if you decided not to deduct your 401k contributions from your income. Or to not deduct your mortgage interest.
- Tiksi 10y agohttp://www.fms.treas.gov/faq/moretopics_gifts.html http://www.fms.treas.gov/faq/moretopics_gifts.html Now you can give all your income as you desire.
- hueving 10y ago>I would love to give all my income minus expenses. I could easily make it so I have zero after my expenses. But that's not how things work for individuals... Of course that's how it works. There is nothing that stops you from donating extra to the government. If you really wanted to you could easily do it.