I:3-58 Assume that it is December 31, and that Jake is considering making a $1,000 charitable contribution.
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I:3-58 Assume that it is December 31, and that Jake is considering making a $1,000 charitable contribution. Jake currently is in the 37% tax bracket, but expects that his tax bracket will be 24% next year. How much more will the deduction for the contribution be worth if it is made today compared to next year?
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