Who benefits more from tax deductions, people with lower or higher incomes?

I'll probably get a job this year. Should I donate my stuff to get a tax deduction or should I give it to a relative who has a full time job so they c...


I’ll probably get a job this year. Should I donate my stuff to get a tax deduction or should I give it to a relative who has a full time job so they can deduct it from their taxes? Who will benefit more?

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Posted in Tax Deductions Q & A

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One Response to “Who benefits more from tax deductions, people with lower or higher incomes?”

  1. Bill S says:
    February 17, 2010 at 12:00 am

    its only $250 then you have to have a paper trail to show its worth….lower and higher income people are getting screwed the rich only pays 15% tax due to sales of stock, wherein you pay 20-30%

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