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Don’t do it for the tax deduction.


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19 Responses to “Don’t do it for the tax deduction.”

  1. Not sure that is linear…maybe more exponential!

    Daily Gif Blog

    DB

  2. I heard somewhere that the independent axis was actually “Good Feelings”, in that the happier a person is, the more likely they are to donate money or time, and not that donating money or time makes one happier. They did some study or other, but I can’t remember any more than that. Sorry to all the empiricists for lack of specificity.

    But just do good deeds anyway, right?

  3. Something else to think about - your good deeds often improve the feelings of others. They, in turn, will sometimes do good deeds for others as a sort of repayment (I’ve seen this at the non-profit where I volunteer.) Adds a whole new dimension…

  4. So true!

    This is probably my favorite post so far =)

  5. there’s a page on my site dedicated entirely to this theory.

  6. Sadly, our western culture has driven an opposite doctrine for too long. Make your cash grab and live it up. Those with the most toys win.

    This post hits it right on. A clean conscience and a valuable relationship cannot be bought but they can be earned through love and respect.

  7. Sign up now. For whatever.

  8. The axes could also be switched …

  9. I’m waiting for a bunch of people to start doing a bunch of good deeds for me. I love making other people feel good by having them do stuff for me!

  10. like getting married for a tax purposes.

    not so good ..

  11. That is a nice feeling!

  12. Thank you. Needed this today.

  13. I’m quite happy to do it for the tax deduction, better going to a charity than the UK Government!

  14. bigoldgeek Says:

    Where’s the Z axis of punishment?

  15. Hey I don’t know how fact-based this diagram is, but I for one am pro- good deeds. And I agree with the graph’s conclusion.

    So there, all you Ayn Randians!

  16. Not FOR the tax deduction, but the tax deduction helps my family do more than we otherwise would.

    So I guess we do help some charities that we otherwise would not (some things are more core to my family than others), largely because of the tax deduction.

  17. Most good deeds aren’t even eligible for tax deductions, so you’re working on good feelings alone. And sometimes it isn’t even the good feelings — it’s just second nature!

  18. its exponential!!

  19. Jeff Frazier Says:

    Lynn has it right, you don’t do it FOR the tax deduction, but the tax deduction makes it easier to give to charity because you don’t have to worry about the money you give away.

    Since Obama is getting rid of tax deductions for charitable donations (which is our author’s cheery proclamation here, that it shouldn’t matter) the government is basically punishing companies for giving to charity. If you give to charity you have to pay the government a large chunk out of the rest of your remaining funds. A lot of people will think “why do it if I am going to actually be punished for it?”

    But then again, as Obama has only ever given a grand total of 2% of his personal wealth to charity, and Biden has given less that .5% of his, he has already proved that he couldn’t give a damn about private charity.
    They have both spent their entire careers taking other people’s money by force and giving that away rather than actually giving anything from their own bank accounts.

    /Yes, I am calling them hypocrites.

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