There is no free in liberty.


Friday, December 2, 2011

Tax Deductable Donations to Pay Down the Federal Debt ... Tax Deductable?


Bruce Krasting:

The deep thinkers are putting into law the terms under which one could make a donation to the government with a designation that it be used to reduce the federal debt.

A law is required for this to establish that the donations are (of course) tax deductible. (Only in America.) I hope the Feds never collect a dime from this. If one had some extra bucks in his pocket, was feeling generous and looking for a tax break, there are an endless number of better alternatives than giving the dough to Uncle Sam. I think this is a dopey idea.

It seems to me that when one consid..........

Aww hell, we're boned, so boned.


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