Monday, September 26, 2005

Landlords: No Tax Break to House Katrina Victims

Not a member of the wealthy 1% of the population? Piss off, b/c tax breaks cannot go to those who donate free housing to Katrina victims. YahooBizNews: "Dear Tax Talk- I have donated an $875-per-month apartment, rent free, to a Hurricane Katrina family for an indefinite period of time. How can I claim a tax deduction for lost rent? Dear Charity- Your altruism will be rewarded, but probably more so in heaven than at tax time. To be a charitable deduction, your cash gift would have to be directed to a qualified organization and not to one particular family. You're better off renting the apartment for $875 and giving the money to the Red Cross." Yeh, but you'd be MUCH better off to be a millionaire w/an estate and/or to be a broadband provider. Then you'd get the farm handed to you, and you'd get to screw the farmer's sheep & daughter.
Posted by Tina :: 12:08 AM :: 0 Comments:

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