Monday, March 9, 2009

Rob From the Rich AND the Poor!

Excerpt from MSNBC.com "Nonprofits fret over Obama tax proposals"
The proposed change "could be a disincentive to some donors who might further cap their gifts on account of the new limit," said Diana Aviv, president and CEO of Independent Sector, a coalition of 600 charities, foundations and corporate philanthropy programs. "This could be a problem for many struggling nonprofits vital to our communities that are already facing a very difficult fundraising environment."
Many wealthy Americans weren't shocked when Obama's budget proposal called for raising their income taxes. But there was surprise — and some alarm — over a separate proposal to limit the deductions that couples earning more than $250,000 can claim for charitable gifts.
Under the plan, a donor in the highest tax bracket would save $280 on a $1,000 charitable deduction, instead of $396.


See there? Obama is an Equal Opportunity Robber. Well, it's all part of the Major Plan, people. And, although I'm not privy to any of his "closed door" meetings" (do you notice that there are an awful lot of "closed door" meetings. Is it just me?) I have a theory. When the charities start really hurting, Mr. Superman Government will step in and say, no problem, we'll bail you out (that is, if it is a charity we agree with) , but you need to go by our guidelines and rules AND...we want a cut of your donations.

You don't think this could happen? You think I'm loony? Trust me, I want to be wrong. Please please let me be wrong.

Oh, and he is going to increase the tax deduction for mortgages too. Great! Brilliant! When we are having a housing crisis...yeah, that makes sense.

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