Comments on: Charity begins at home. Or homes as the case may be…

By: geordie

geordie — Sat, 23 Aug 2008 04:04:46 +0000

But for Federal tax deductions, you cannot get a quid pro quo benefit for a “charitable” deduction – I usually have a question on my final basic income tax exam that looks remarkably similar to these facts, but dealing with individuals taking Federal deductions, and the answer is always that the deduction should be disallowed. This is a foundation, however, making disbursements, but nonetheless, those disbursements clearly seem to violate the self-dealing rules applicable under the Internal Revenue Code.

By: InnocentBystander

InnocentBystander — Sat, 23 Aug 2008 03:03:53 +0000

Republican family vales in action. If it helps grease the skids and gets their kids graduated…bonus! Otherwise, it’s a bribe with a tax deduction.

By: warrenterrah

warrenterrah — Sat, 23 Aug 2008 03:03:38 +0000

Unfortunately John McCain is my Senator and he was also my Rep when he was in the house. I happen to know that in AZ, you get a dollar for dollar tax deduction for money you donate to schools. I imagine there is a max limit on the amount but I don’t think its right – to me it’s legalized tax cheating.

By: Blue

Blue — Sat, 23 Aug 2008 01:19:46 +0000

Now that would make an excellent commercial… John McCain believes that charity begins at home. That’s why he and Cindy (or is that Cunty) donated $$$$$ to …. and …

By: PAR4

PAR4 — Sat, 23 Aug 2008 00:00:30 +0000

Good way to buy grades. He might have learned that from Poppy Bush.

By: fauxmaxbaer

fauxmaxbaer — Fri, 22 Aug 2008 22:05:34 +0000

Moreso when you combine it with items like this:

Princess Medical Center, LLC (office space, rental property), curiously valued at less than $1000.

I don’t think Cindy’s finances would withstand scrutiny any better than Tony Rezko’s.

By: xpurg8d

xpurg8d — Fri, 22 Aug 2008 22:00:34 +0000

This article was published last February. And lots of wonderful stuff in Harpers never makes it to the kind of media that “low information” voters see.

Until the local teevee Barbie and Ken newsreaders and the supermarket tabloids start putting it out, it’s only known by geeks like us who actually seek it. If someone could make a really cool video of this story and put it on YouTube, then even my redneck sister might be exposed to it.

By: makeitstop

makeitstop — Fri, 22 Aug 2008 21:45:40 +0000

My, this does look a bit skeevy.

Or maybe it’s mavericky; I can’t tell anymore.

By: MarkD

MarkD — Fri, 22 Aug 2008 21:06:51 +0000

Shenanigans!!

I guess it’s only “Tax Evasion” if you makes less than, say, $5 million a year. Otherwise, it’s “Creative Deductioning.”

Or something.

By: ceo1

ceo1 — Fri, 22 Aug 2008 20:24:00 +0000

John: Cindy said she got rid of the kids for a while, but I didn’t know where they went. How many? Fuck I don’t know.