His tax return involves this complex (meaning beyond my current knowledge) contract involving a charitable donation of something like $6,000,000 dollars. It's bizarre because normally an individual is only allowed to deduct up to 50% of his tax base in charitbale contributions, whereas this was 75%. But it involved some sort of option contract where the proceeds were assigned directly to the charities. Anyway, it's beyond my current experience.
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His tax return involves this complex (meaning beyond my current knowledge) contract involving a charitable donation of something like $6,000,000 dollars. It's bizarre because normally an individual is only allowed to deduct up to 50% of his tax base in charitbale contributions, whereas this was 75%. But it involved some sort of option contract where the proceeds were assigned directly to the charities. Anyway, it's beyond my current experience.
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