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Friday, December 30, 2011
YOU ONLY HAVE UNTIL SATURDAY DECEMBER 31ST TO ACT
Attention all Oregon state taxpayers
Through our tax system, the State of Oregon gives each tax-paying
Oregonian a $50 gift. But you can't keep it. Instead, you must either
pay it back in state taxes -- or donate it to a qualified political
campaign or cause.
To put it another way: By donating $50 to a
political campaign of your choice, you can reduce your taxes or increase
your refund by that same $50 (assuming
you pay at least $50 in taxes). That's right: it's a full 100% credit,
not a deduction. Better yet, if you are married, the state allows a $100
credit. I know that's small change for the Koch brothers, but it's an
opportunity for the rest of us to have our say too.