Tuesday, January 29, 2008
Charitable Giving to the Government
This afternoon I was doing my federal income tax homework in the law journal office. While I was down there I overheard two second year students talking politics. I will refer to them as fat guy and dumb girl. Dumb girl was eagerly telling fat guy about how she wouldn't mind paying more taxes. Fat guy was very accepting of Dumb girl's point of view and was very upset that President Bush had cut taxes just when the government was experiencing a tax surplus that could go toward oh so many worthwhile causes. They then tried to outdo each other in praise of Barack Obama.
This seems to be a popular sentiment (the not paying enough taxes - although outdoing each other in praise of Barack Obama is also popular). Even some with a great deal of money such as Warren Buffet seem to feel that the government does not tax them sufficiently.
President Bush addressed these people in his state of the union address tonight saying: "Others have said they would personally be happy to pay higher taxes. I welcome their enthusiasm, and I am pleased to report that the IRS accepts both checks and money orders."
Of course, no one actually sends extra money to the IRS. If I were to ask either dumb girl or fat guy if they had sent any extra money to the IRS they would certainly say no. If I were to ask them if they would be willing to send more money this year they would probably say that the money would only be spent on the war in Iraq or some other policy with which they disagree.
This, I think, is the point of conservative philosophy toward government spending. Of course the government is going to spend your money poorly - that is what governments do. That is why when people have money that they would like to spend on worthwhile causes, they give to the red cross, or to their church, or, if you are Warren Buffet, to the Gates Foundation.
The interesting question raised by all this is: if you give charity to the IRS, is that donation deductible?
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2 comments:
Great post! Funny, yet exactly correct.
Dan
curiosity burns
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