Are people secretive about their FA status at your private school?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Look, your donation is a tax write off. So spare me this higher than thou attitude directed at recipients of financial aid. You have to spend that money one way or another. So you can donate it to your kids school, some other charity or the IRS. No one owes you anything. You made a choice about how to spend your money.

Poors are really confused about how tax deductions work.

Really? So please educate us with your rich wits? Is it not a tax deduction? Does it not reduce how much you pay in taxes? Of course it does, so hush. No one said it was dollar for dollar.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Look, your donation is a tax write off. So spare me this higher than thou attitude directed at recipients of financial aid. You have to spend that money one way or another. So you can donate it to your kids school, some other charity or the IRS. No one owes you anything. You made a choice about how to spend your money.

Poors are really confused about how tax deductions work.

This is one of the most financially illiterate things I keep seeing on DCUM. Whenever I hear someone say 'It's a write off' it's a sure sign they have no clue what they are talking about.

Say you had $1000 in regular income you wanted to donate. Normally you would pay 39.6% of that money to the IRS at the highest rate, assuming of course that your deductions are not capped base on various rules. You donate $1000, and avoid paying 39.6% to the IRS. The balance, 60.4%, or $604, is what you would have had left in your hands had you not donated. So donations are not free, they in a way kinda of discounted, in that you are paying $604 for the charitable organization to get a $1000 gift.

I used fed rates just to make it simple, but state/local rates would also factor into this, and it would be different if your were donating appreciated securities.

Who said it was dollar for dollar? The point is people make large charity donations as a way to reduce their overall tax debt. So please stop with the "people just don't get it mantra." The need of people on this board to "sound" smart and attempt to prove they know more than the next person is ridiculous. I had no idea how many arrogant SOBs lived in the DMV. For this crap, I could have stayed in NYC.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Look, your donation is a tax write off. So spare me this higher than thou attitude directed at recipients of financial aid. You have to spend that money one way or another. So you can donate it to your kids school, some other charity or the IRS. No one owes you anything. You made a choice about how to spend your money.

Poors are really confused about how tax deductions work.

This is one of the most financially illiterate things I keep seeing on DCUM. Whenever I hear someone say 'It's a write off' it's a sure sign they have no clue what they are talking about.

Say you had $1000 in regular income you wanted to donate. Normally you would pay 39.6% of that money to the IRS at the highest rate, assuming of course that your deductions are not capped base on various rules. You donate $1000, and avoid paying 39.6% to the IRS. The balance, 60.4%, or $604, is what you would have had left in your hands had you not donated. So donations are not free, they in a way kinda of discounted, in that you are paying $604 for the charitable organization to get a $1000 gift.

I used fed rates just to make it simple, but state/local rates would also factor into this, and it would be different if your were donating appreciated securities.

Who said it was dollar for dollar? The point is people make large charity donations as a way to reduce their overall tax debt. So please stop with the "people just don't get it mantra." The need of people on this board to "sound" smart and attempt to prove they know more than the next person is ridiculous. I had no idea how many arrogant SOBs lived in the DMV. For this crap, I could have stayed in NYC.

Uh, you said it - "You have to spend that money one way or another. So you can donate it to your kids school, some other charity or the IRS." It's ok - we know you are financially ignorant. Use this as an opportunity to educate yourself and don't be so defensive. BTW, when I Google 'medium' income it keeps auto correcting to 'median' income. Maybe check the Wikipedia entry for that, ok?

People make large charitable donations to support a cause they care about. It costs real money out of their pocket, even if it's 60 cents on the dollar. If they do nothing, they keep their money and you get nothing. You should be happy that you are the recipient of such largesse, rather than impugning their motives.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Look, your donation is a tax write off. So spare me this higher than thou attitude directed at recipients of financial aid. You have to spend that money one way or another. So you can donate it to your kids school, some other charity or the IRS. No one owes you anything. You made a choice about how to spend your money.

Poors are really confused about how tax deductions work.

This is one of the most financially illiterate things I keep seeing on DCUM. Whenever I hear someone say 'It's a write off' it's a sure sign they have no clue what they are talking about.

Say you had $1000 in regular income you wanted to donate. Normally you would pay 39.6% of that money to the IRS at the highest rate, assuming of course that your deductions are not capped base on various rules. You donate $1000, and avoid paying 39.6% to the IRS. The balance, 60.4%, or $604, is what you would have had left in your hands had you not donated. So donations are not free, they in a way kinda of discounted, in that you are paying $604 for the charitable organization to get a $1000 gift.

I used fed rates just to make it simple, but state/local rates would also factor into this, and it would be different if your were donating appreciated securities.

Who said it was dollar for dollar? The point is people make large charity donations as a way to reduce their overall tax debt. So please stop with the "people just don't get it mantra." The need of people on this board to "sound" smart and attempt to prove they know more than the next person is ridiculous. I had no idea how many arrogant SOBs lived in the DMV. For this crap, I could have stayed in NYC.

Uh, you said it - "You have to spend that money one way or another. So you can donate it to your kids school, some other charity or the IRS." It's ok - we know you are financially ignorant. Use this as an opportunity to educate yourself and don't be so defensive. BTW, when I Google 'medium' income it keeps auto correcting to 'median' income. Maybe check the Wikipedia entry for that, ok?

People make large charitable donations to support a cause they care about. It costs real money out of their pocket, even if it's 60 cents on the dollar. If they do nothing, they keep their money and you get nothing. You should be happy that you are the recipient of such largesse, rather than impugning their motives.

You are an idiot. Have you ever heard of a typo? You chose to interpret what I said as dollar for dollar because I did NOT say that. Like I said people donate large sums of money for the tax right off. If it was truly about the cause, they wouldn't be on DCUM bitching about their donations, because it would be about the cause. And my doctorate degree from a top 15 university suggest otherwise about my intelligence. But since you know me so well carry on with your beliefs. By the way, when did we meet again? Idiot I tell you.

[Anonymous]

Don't be upset that I'm not poor AND was smart and savvy enough to figure out how to get financial aid for my DC. That my friend is great intelligence. Now, go somewhere and be really mad about that. Or just spend your free time stewing over it right here on DCUM -- either way, it doesn't affect me or the many other FA recipients who have figured out how to do the exact same thing. Let me guess, you are pulling back that large donation next year right? LMAO!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Look, your donation is a tax write off. So spare me this higher than thou attitude directed at recipients of financial aid. You have to spend that money one way or another. So you can donate it to your kids school, some other charity or the IRS. No one owes you anything. You made a choice about how to spend your money.

Poors are really confused about how tax deductions work.

This is one of the most financially illiterate things I keep seeing on DCUM. Whenever I hear someone say 'It's a write off' it's a sure sign they have no clue what they are talking about.

Say you had $1000 in regular income you wanted to donate. Normally you would pay 39.6% of that money to the IRS at the highest rate, assuming of course that your deductions are not capped base on various rules. You donate $1000, and avoid paying 39.6% to the IRS. The balance, 60.4%, or $604, is what you would have had left in your hands had you not donated. So donations are not free, they in a way kinda of discounted, in that you are paying $604 for the charitable organization to get a $1000 gift.

I used fed rates just to make it simple, but state/local rates would also factor into this, and it would be different if your were donating appreciated securities.

Who said it was dollar for dollar? The point is people make large charity donations as a way to reduce their overall tax debt. So please stop with the "people just don't get it mantra." The need of people on this board to "sound" smart and attempt to prove they know more than the next person is ridiculous. I had no idea how many arrogant SOBs lived in the DMV. For this crap, I could have stayed in NYC.

Uh, you said it - "You have to spend that money one way or another. So you can donate it to your kids school, some other charity or the IRS." It's ok - we know you are financially ignorant. Use this as an opportunity to educate yourself and don't be so defensive. BTW, when I Google 'medium' income it keeps auto correcting to 'median' income. Maybe check the Wikipedia entry for that, ok?

People make large charitable donations to support a cause they care about. It costs real money out of their pocket, even if it's 60 cents on the dollar. If they do nothing, they keep their money and you get nothing. You should be happy that you are the recipient of such largesse, rather than impugning their motives.

You are an idiot. Have you ever heard of a typo? You chose to interpret what I said as dollar for dollar because I did NOT say that. Like I said people donate large sums of money for the tax right off. If it was truly about the cause, they wouldn't be on DCUM bitching about their donations, because it would be about the cause. And my doctorate degree from a top 15 university suggest otherwise about my intelligence. But since you know me so well carry on with your beliefs. By the way, when did we meet again? Idiot I tell you.

Was it a typo or did I misinterpret it?

[Anonymous]

How about you go sit down somewhere and engage in those critical thinking skills you seem to believe you have and figure it out.

[Anonymous]

http://www.chabad.org/library/article_cdo/aid/45907/jewish/Eight-Levels-of-Charity.htm

I would offer that some posters on this thread have achieved level [9]: a still even lesser level is when one gives reluctantly, preens about it, and then expects gratitude from the recipients - but only the ones that the giver deems less worthy.

[Anonymous]

Anonymous wrote:Don't be upset that I'm not poor AND was smart and savvy enough to figure out how to get financial aid for my DC. That my friend is great intelligence. Now, go somewhere and be really mad about that. Or just spend your free time stewing over it right here on DCUM -- either way, it doesn't affect me or the many other FA recipients who have figured out how to do the exact same thing. Let me guess, you are pulling back that large donation next year right? LMAO!

Sad, actually. Sounds like you could well afford a private school but chose to take from others who have more need since you've used your great intellect to push yourself to the front of the line.

[Anonymous]

Anonymous wrote:Don't be upset that I'm not poor AND was smart and savvy enough to figure out how to get financial aid for my DC.

So you steal.

[Anonymous]

Anonymous wrote:http://www.chabad.org/library/article_cdo/aid/45907/jewish/Eight-Levels-of-Charity.htm

I would offer that some posters on this thread have achieved level [9]: a still even lesser level is when one gives reluctantly, preens about it, and then expects gratitude from the recipients - but only the ones that the giver deems less worthy.

+1 bingo! Love the list.

[Anonymous]

Anonymous wrote:

Anonymous wrote:http://www.chabad.org/library/article_cdo/aid/45907/jewish/Eight-Levels-of-Charity.htm

I would offer that some posters on this thread have achieved level [9]: a still even lesser level is when one gives reluctantly, preens about it, and then expects gratitude from the recipients - but only the ones that the giver deems less worthy.

+1 bingo! Love the list.

NP. This thread is bizarre. Do FA recipients really think so little of donors?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:http://www.chabad.org/library/article_cdo/aid/45907/jewish/Eight-Levels-of-Charity.htm

I would offer that some posters on this thread have achieved level [9]: a still even lesser level is when one gives reluctantly, preens about it, and then expects gratitude from the recipients - but only the ones that the giver deems less worthy.

+1 bingo! Love the list.

NP. This thread is bizarre. Do FA recipients really think so little of donors?

Why don't you ask the other way around?
It seems from this thread and others that donors in fact think very little of fa recipients.

[Anonymous]

Anonymous wrote:http://www.chabad.org/library/article_cdo/aid/45907/jewish/Eight-Levels-of-Charity.htm

I would offer that some posters on this thread have achieved level [9]: a still even lesser level is when one gives reluctantly, preens about it, and then expects gratitude from the recipients - but only the ones that the giver deems less worthy.

Love this! As a Christian I think the Jews have hit the nail on the head with this list! People would be wise to read it and check themselves.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Don't be upset that I'm not poor AND was smart and savvy enough to figure out how to get financial aid for my DC.

So you steal.

Nope. To steal is to take something from someone without their knowledge or consent. I applied for FA, fully disclosed my income and responded to every single question asked of me. I did not lie. I did not hide assets. I did not under report or over report. My DC's school reviewed my application and made me an offer. I accepted. Just because I am not poor does not mean I do not have financial obligations that made me an acceptable candidate for financial aid. Like I said, you might want to take a look at that MEDIAN income chart and ask yourself exactly what does it mean to be poor before you start calling someone "poor" like its a bad word or a disgraceful thing. Check you rich (if you are even rich -- I doubt it) egotistical crap at the door.