Re: The Complete Encore Series

["william sturm" <hapijac@xxxxxxx>]

Hey Keets!, Do you ever sleep lol!


----- Original Message -----
From: "L. Bird" <pkeets@hotmail.com>
To: <thewho@igtc.com>
Sent: Saturday, May 24, 2003 11:11 PM
Subject: Re: The Complete Encore Series


> >>Plus, the proceeds from the cds are going to charity.  Each cd you buy
> >>sends a donation to TCT.   Because of this, there's a tax deduction
> >>available to cut down some of the cost.
> >
> >Do you know how much?
>
> Here's some info from USA Today that is also repeated at other sites:
>
> http://www.usatoday.com/money/wealth/consumer/mcw058.htm
>
> >When you buy a fruitcake from a charitable organization or attend a
> >fundraising dinner, you usually can't deduct the entire price. Your
> >deduction is limited to the amount you paid that exceeds the fair market
> >value of the goods or services you received. So if your meal was valued
at
> >$50 and you paid $65 to attend the banquet, your deduction is limited to
> >$15.
>
>
> Substitute "cd" for "fruitcake."  The problem would be to decide what fair
> market value of the cds are.  Did Pearl Jam charge $10 for theirs?  That
> would be a good starting point.  You might also deduct some of the costs
of
> Who concert tickets where the proceeds went to charity, assuming you could
> support your statement of what "fair market value" of a music concert
would
> be.  An average of ticket costs?
>
>
> keets
>
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