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Comment by Tycho

How does this make sense. It’s “tax deductible” because you are giving the income away instead of keeping it. Of course people would give less if they had to give the government a cut.

“I want to give a million pounds to charity.”

“That’s nice of you. You still need to pay tax first on that sum, though.”

“OK I want to give £600,000 to charity.”

parent Tycho 5 years ago

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