Re:NPR cancels 4 podcasts amid major layoffs
by dymk on Friday March 24, 2023 @08:07PM
(#35297417)
So is this an argument against charitable donation to nonprofits in general? And I doubt your effective tax rate is 40-50%
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Re:NPR cancels 4 podcasts amid major layoffs
by UIUC_06 on Saturday March 25, 2023 @11:50AM
(#35303864)
Tax math: it's the marginal tax rate you have to look at for deductions, i.e. the rate you'll pay on the next dollar you earn, or save on the dollar you deduct. We don't have a flat tax at the Federal level, or most states.
We can find plenty of taxpayers in NY, CA, or MA who have a marginal rate of 40-50%. They are the highly affluent people that those PBS pledge drives featuring Baby Boomer musical acts are aimed at.