George and Margaret Wealthy are in the 48 percent for bracket. Considering both federal and state personal taxes. Norman Briggs, the CED of Community General Hospital, has been aggressively pursing the couple to contribute $500,000 to the hospital's soon-to-be-built Cancer Care Center. Without the contribution, the taxable income for 2012 would be $2 million. What impact would the contribution have on the 2012 tax bill