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Question 22 (2 points) Mark Zuckerberg recently announced that he and his wife Pricilla Chan would donate 99% of their Facebook shares to charity over

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Question 22 (2 points) Mark Zuckerberg recently announced that he and his wife Pricilla Chan would donate 99% of their Facebook shares to charity over their lifetime, which are currently worth about $45 billion. But, they are wondering what the difference in tax consequences would be if they were to instead sell their stock and then just donate the cash. Assume that in the current year, the couple has AGI of $250,000 and they decide to donate something of $1,000,000 value to charity. They decide to give the stock worth $1,000,000 that they have held for several years to the charity, but they could have sold their shares for $1,000,000 and given the cash to charity. The stock shares in question have an adjusted basis of $50.000. How much more would their taxable income have been if they had instead sold the shares and given the cash to charity? Assume that this is their only charitable gift for the year. Ignore itemized deduction limits of high income taxpayers

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