Birdwatch Note Rating
2024-04-10 09:27:00 UTC - NOT_HELPFUL
Rated by Participant: D4BAC24A495ACE43F7ECDFBDF0DFBED48DD5206BB6EA41B7338D34270750E7D6
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