aebrown wrote:I'm not sure why it would matter to someone in the US, other than general curiosity.
Bingo. The most helpful link was the A Practical Example
. For someone in the 40% tax bracket, for a £100 donation, the charity gets £125, but the cost to the donor is only £75. Depending on what you're trying to accomplish (for example, a net cost to the member of £100), I can see the need for a calculator.
So I guess the remaining question is what is the goal of the calculator? (Not wanting to start a debate on how people should
do it, but understanding the goal of the calculation is important in making a personal decision on using it.)
For myself, I've always done it that if I get a $1000 paycheck (before tax), that I pay $100 to the church. Any taxes that the government decides to refund because of the donation comes back to me. I had not considered that since I wouldn't be getting that portion back if I didn't make a donation might be considered an "increase".
So I guess my question is, according to this calculator, what is the net result it's trying to accomplish?
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