My wife and I were going through our budget and discussing what % we give to charity and we started talking about the fact that a large part of our income taxes (state and Fed) go towards charitable needs. (Everything from Sandy relief, third world countries, veterans, art programs, homeless...).
So we were took another look at the 30% we pay in income tax and thinking, we already budget 5% for charity, but 10-20% of our taxes is basically another form of charitable giving. So with that logic we are giving 15-25% of our income to charity, plus the charitable activities we do.
So do you just consider taxes as part of your charitable contributions and stop donating or is this just mental justification to no longer budget $50 a year in girl scout cookies...
Thoughts...
So we were took another look at the 30% we pay in income tax and thinking, we already budget 5% for charity, but 10-20% of our taxes is basically another form of charitable giving. So with that logic we are giving 15-25% of our income to charity, plus the charitable activities we do.
So do you just consider taxes as part of your charitable contributions and stop donating or is this just mental justification to no longer budget $50 a year in girl scout cookies...
Thoughts...
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