ST Alpha - "On political donations up to $400, you receive a 75% tax credit. So for $10, you get $7.50 back and it costs you $2.50. -- nm" (Reading a Post)

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In response to "beer is ten dollars? Dayam. I'm glad they don't tax soda like that (yet)." by Beryllium

On political donations up to $400, you receive a 75% tax credit. So for $10, you get $7.50 back and it costs you $2.50. -- nm

Posted by Name Withheld By Request (aka BlueKopo) Nov 28 '08, 11:25

(No message)

Responses:

That doesn't seem very efficient - first I have to make the effort to contribute to my political party and then I have to go through more effort to cl - Roger More Nov 28, 11:33 2
- ... aim the refund. -- nm - Roger More Nov 28, 11:33 1
  - It's just a check off box on your tax form. -- nm - Name Withheld By Request Nov 28, 11:43
So the government ends up paying 7.50 of the $10 donation? -- nm - Guigue Nov 28, 11:30
oh, I see. That makes more sense :) -- nm - Beryllium Nov 28, 11:25

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