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A comment on I'm reading the FT and WSJ from 100 years ago each week leading to 1929. Parent comment
You don’t get to deduct the expenses from your taxation. You get to deduct the expenses from your taxable income.
That’s a big difference. You can’t make money on taxes by giving it away to charity (unless that charity is somehow fraudulently enriching you).
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You don’t get to deduct the expenses from your taxation. You get to deduct the expenses from your taxable income.
That’s a big difference. You can’t make money on taxes by giving it away to charity (unless that charity is somehow fraudulently enriching you).