3 ms·

Even if donations were meant to offset capital gains it is still a generous act. I think it is impossible to make the statement "There's likely no generosity he

• loceng 8y ago
  No, it's not. That money goes to the government and society as a whole otherwise, which you would owe - and if you didn't pay you'd eventually end up in jail. Paying your taxes to not end up in jail isn't generosity. Paying taxes is being part of a system that you've benefit from. If you gave more money to charity than is owed in taxes - and that was yours that you reasonably and fairly earned - then you could argue there's generosity involved. You're correct in saying that without more confirmed information, we can't know how much or if any generosity occurred. I did however say "likely no generosity" - which is different from saying a firm statement of "no generosity here" - so my statement isn't impossible.
  • jonknee 8y ago
    Someone struck the lottery and donated a ton to worthy causes. That is generous, full stop. If the government was concerned about this they wouldn't allow charitable donations to be deducted. And since you seem so concerned, you can't donate your way out of paying taxes because your total charitable deduction can’t exceed 50% of your adjusted gross income.
  • icebraining 8y ago
    Even if charity donations worked like that, they would still have donated their time and effort in selecting worthwhile charities and dealing with all the bookkeeping.