It is not all about saving money on taxes. If I have shares that cost me $10,000 back in the day and give them away when they are worth $50,000, then I avoid $40,000 of additional income that would be taxed at about 27%, so I only save about $10,000 in taxes. This does not take into account any future tax savings from the additional amounts I converted to a Roth.Giving 53k to charity saves how much in taxes ?
Statistics: Posted by livesoft — Wed Dec 27, 2023 2:46 am