The Mudcat Café TM
Thread #148796   Message #3459617
Posted By: Stilly River Sage
31-Dec-12 - 12:42 PM
Thread Name: BS: Thanks, GOP. Fiscal Cliff will cost me "$____"
Subject: RE: BS: Thanks, GOP. Fiscal Cliff will cost me "$____"
Thanks, John, for answering Bruce's question.

I've been working on a tax item myself this week - a donation that will credit in the 2012 year if I get the collection delivered to the library this afternoon. It's a squeaker.

It's a great gift, a very large collection of local and regional playbills dating back to the 1950s that I found at an estate sale. I'm donating it to my university research library's special collections, so I'm glad there are mechanisms in place where if you have something truly valuable research-wise that you can assign an appraised value and give it to someone else to make use of and get a tax credit for the donation. I hope they don't consider this a loophole to do away with.

My puny taxes are a lot of work because I can't afford to pay accountants to do them. I can get a whiff of savings by using a couple of loopholes put in place for the super rich. Let's see if those loopholes stick around, or if the GOP slaps everyone if they can't preserve loopholes for the rich.

SRS