Birdwatch Note Rating
2024-04-10 10:47:03 UTC - NOT_HELPFUL
Rated by Participant: AFDB7ECC3358234F5E8ED117B14A98962A8B79DB3A865716C89E7E7B32441FC4
Participant Details
Original Note:
Appraisals don’t work like that, and can be challenged by the IRS. https://www.journalofaccountancy.com/issues/2010/jul/20092096.html The deduction limit for charitable contributions is max 60%, so millionaires will still have to pay some taxes. https://www.irs.gov/publications/p526#:~:text=Your%20deduction%20for%20charitable%20contributions,or%2050%25%20limits%20may%20apply.
All Note Details