> You mean hes reallocating 36M of his taxes usually paid

It sounds like you've never made a charitable donation under the American tax code. A dollar donated isn't a dollar saved. A dollar donated is (1-marginal tax rate) dollars saved.

1 * marginal tax rate... so for most people who can afford larger donations, 25-35 cents.

He's reallocating 39.6 percent of 36mm to Harvey victims instead of his taxes. If you're going to be a clown at least get it right.

In addition to this, how much you can deduct is limited in multiple capacities, so he may not even be able to deduct the full amount.

https://www.irs.gov/charities-non-profits/charitable-organiz...

Also itemized deductions are phased out as your income increases.

Yes, find some way to take something good that someone has done and make it look bad.

No, that is not how taxes work. You do not get to deduct a dollar from your tax obligation for every dollar you donate.

You only deduct the percentage dictated by your tax bracket. So assuming he's in the 39.6% tax bracket his tax obligation is reduced by 39.6 cents for every dollar he donates.

This is an oversimplification, there's a bit more to it than that, but you get the point. Maybe.

Also, this is not how tax deductions work.