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A comment on Harvard's response to federal government letter demanding changes. Parent comment

Re:Harvard's response to federal government letter demanding... by jcalvinowens on Tuesday April 15, 2025 @02:17PM (#43696543)
> People already paid their taxes on all of the principal before they donated it to fund education

That's not true, the donations are tax exempt (deductible).

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Re:Harvard's response to federal government letter demanding... by johnnyanmac on Wednesday April 16, 2025 @02:29AM (#43702141)
I think the point is that money for many was taxed before the paycheck ever came in. And you have no control over it. Part of your W-2 goes to fund social security, part of it to fund the federal, part of it to fund the state.

Taxing donations is just double dipping on your money. That's how you discourage donating.

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