Isn't lifelong gift worth $95 a year?
Isn't lifelong gift worth $95 a year?
Does giving back to your community have to be measured by a tax deduction?
The potential benefit of foregoing the indoor pool would be a $146 reduction on the average Glen Ellyn property tax bill; this assumes the park district doesn't renew the current levy with another project. Economically, a $146 tax deduction for property taxes yields the same result as a $146 charitable contribution. In fact, assuming you're in the 35 percent federal tax bracket, this equates to a $95 after-tax cost.
So I ask the fiscally conservative but charitable minded resident the following: Isn't giving our community the gift of a lifelong recreational improvement worth $95 a year?
G. Scott Brown
Glen Ellyn
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