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From: js2j@mhuxt.UUCP (sonntag)
Newsgroups: net.politics
Subject: Re: How about another topic (other than handgun control)?  (Yes!)
Message-ID: <541@mhuxt.UUCP>
Date: Fri, 25-Jan-85 09:37:59 EST
Article-I.D.: mhuxt.541
Posted: Fri Jan 25 09:37:59 1985
Date-Received: Sun, 27-Jan-85 04:43:27 EST
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Organization: AT&T Bell Laboratories, Murray Hill
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> >Dummy, the inauguration is paid for out of private funds and donations.
> >It does not come out of the taxpayers pocket.  Cool down.
> >T. C. Wheeler
> So that those people who can afford it get yet another "charitable" deduction
> on their taxes.
> If you remember, in 1981, RR said that he would "save" the gov't the money 
> offered to redecorate the WH by doing it through "charitable" contributions.
> In the end, those contributions cost the gov't about 4X the offered money
> in lost tax revenue.

    Are you serious?  4X?  Even if they were in a 50% tax bracket, donating
X dollars would result in a .5*X decrease in their taxes.  Are there some
really creative methods of filling out a 1040 that I haven't heard of, or is
is James Armstrong (the guy who claimed 4X) talking through his hat?
    In the worst case, (50% tax) donating X dollars costs you only 1/2 X $.
I really don't see how it could cost you -4 X $.
-- 
Jeff Sonntag
ihnp4!mhuxt!js2j
    "I couldn't do THAT.  They'd kick me right out of Cowards Anonymous."
              -- Dangermouse's faithful assistant, Penfold.