Quote:
Originally posted by Daradon@Sep 29 2004, 03:29 PM
I did hear about this loophole and saw ads for it, but like you said you had to be in the highest tax bracket (and spend like at least 10,000 on a single donation). But yeah, there were companies set up to help people take advantage of this loophole. Probably lawyer or accounting firms.
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Yes thats it Dar - this person is in the highest tax bracket.
I am not sure how it works though.