Quarter Life Crisis

The world according to Sven-S. Porst

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September 28, 2003, 12:18

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Comment by d.w.: User icon

As the article states, the tax laws here reward charitable donations. I tend to like this system, as I certainly don’t trust our government (especially the current administration) to have a clue as to who really needs help, and individual donors like the added control as to knowing where there money goes. The downside of doing things this way is that the amount of money available to charitable organizations fluctuates with the economy — when things are bad (as they are now), charitable organizations struggle through periods of lower funding. When things are (economically) good, though (as through most of the 90’s), the system works quite well indeed.

September 29, 2003, 0:55

Comment by ssp: User icon

Not that I’ve earned enough money yet to worry about taxes but I think the tax-deduction thing is the same in Germany. Donations to charities are deductible in some way.

I can see your point about not trusting the government to spend your money for the right causes. But it’d still much prefer having a better government then, as I just don’t like to worry about these things, trying to figure out myself how much and whom to give money to. I’d rather have it ‘just work’.

Give me a few decades – earning serious money and our politics having ‘caught up’ with the current level of yours and I’ll reserve the right to change my opinion on that ;)

October 3, 2003, 0:55

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