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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]"We don't own a home. Have previously, but not now. Residents of Texas, so no state income tax. Give cash to church, we don't bother tracking, minimal cash donations to other charities like St Judes, then donate house hold items to Salvation Army. So yes, standard deduction is better for us. [/quote] That quite frankly blows my mind. We already pay six figures in income tax, can't imagine what we'd pay if we settled for the standard deduction. You don't track your cash charitable contributions? I guess they're not hundreds every month.[/quote] If you pay 6 figures in income tax, you make at least 3x as much as me. We donate $75-$125 month. I'm guessing from your statement that you donate thousands of dollars each month?[/quote] Not the PP you quoted. Why is it your moral responsibility to donate any money at all when you're paying the highest rate in taxes? I consider my taxes, which are above and beyond the normal citizen, to be a donation. Otherwise, I'd consider it highway robbery, which, technically, it is.[/quote]
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