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Metropolitan DC Local Politics
Reply to "Could DC get around new tax law"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]California should just reduce their state taxes and rely on voluntary donations. That will go so well...[/quote] The point is not to ask for voluntary donations and hope people pay up, it is to set up a charity and then for every dollar a person in CA donates, her state/local tax liability goes down by $1. Donations to this new charity would still be tax deductible under federal law for those who itemize under the new law.[/quote] Hypocrisy at its best. Though, how would it work anyway as one has to reduce the donation amount by what one gets back as a benefit. Reduced tax liability to California is a benefit that will be reducing the donation. [/quote]
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