krglorioso
Well-Known Fanatic
- Joined
- Aug 5, 2020
- Messages
- 49
I'm old (84) and started selling off my assets that produce taxable income. I loaded up on tax-exempt municipal bonds and donate any excess income to Hillsdale College and the Marine Corps Scholarship Foundation. Both are 501-C-3 charities and I receive nice deductions for the donations. For my 2020 return, I had more charitable deductions than taxable income and my federal tax for the year was zero. There was nothing "creative" or dicey about my return. Totally above board and all justifiable on audit, should there be one. I included copies of my charitable deduction receipts with my return. I sleep well knowing that not a penny of my income went to income taxes. Texas has no state individual income tax.
Years ago, the famous and revered California tax protestor, Howard Jarvis (author of enacted in 1978 Proposition 13, to freeze property taxes), said, "The only way to keep politicians from wasting money is not to give it to them in the first place". I applaud all lawful and ethical efforts to deny the communists the money to destroy our Republic.
Ralph
NRA Patron Member, GOA, Texas State Rifle Assn. Marine veteran.
Years ago, the famous and revered California tax protestor, Howard Jarvis (author of enacted in 1978 Proposition 13, to freeze property taxes), said, "The only way to keep politicians from wasting money is not to give it to them in the first place". I applaud all lawful and ethical efforts to deny the communists the money to destroy our Republic.
Ralph
NRA Patron Member, GOA, Texas State Rifle Assn. Marine veteran.