Birdwatch Note Rating
2024-04-10 11:55:29 UTC - HELPFUL
Rated by Participant: FEF72F67CECD6C6A7D5D97A736B6251F0F3526A82D592FB289E9EDC9D56E45ED
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