Quote:
|
Originally Posted by GBBob
There are plenty of "rich" who wouldn't donate a penney of their money to charity no matter what the deduction...But I bet the majority of the 39% bracket that donate will continue to no matter what the loss of deductions might be. You think Bill Gates does what he does for the deduction?
|
I think not at all for Bill, but apparently for 1.7 to 3.5% it's a deal-breaker
My concern is that I don't think this is an appropriate place to get money for healthcare reforms, although I support some aggressive looking at and reworking of our healthcare system.
On a similar subject, apparently the Dems took 100 billion out of Obama's budget today (which matches what the Senate is doing to it)
Headlines today: stocks rising, as economic data tops forcasts. Durable good orders rising (very good news). Housing purchases of used homes up in February. February new home sales up. Mortgage applications up.