Make more money, donate more money and pay less tax
By scheng1
@scheng1 (24649)
Singapore
January 10, 2016 7:27am CST
The title comes from a blogger who writes about investment income.
He says that he can make more money, donate more money and pay less tax, and he is much happier for it.
He has been saving very hard for many years.
He invests his saving in the stock market by buying the shares with great dividend payout.
He keeps on saving, and investing, and ultimately his investment income exceeds several thousands of dollars a year.
When his income increases, his expenses do not increase. As a result, he makes more money because he has dividend payout from his investments, and he is able to donate more money to charities.
The best is that he does not have to pay income tax on investment income and his donations to charities allow him to pay lesser tax.
I wish I can say the same. My investment income is still way too low to talk about it.
6 people like this
8 responses
@youless (112621)
• Guangzhou, China
11 Jan 16
I like this idea. At least it really gives you more meaning when you donate money. However, here the tax will be directly deducted from my salary. If I want to donate money, it will just come from my rest salary and income only. But most of the importance, I don't trust the donation here.
3 people like this
@youless (112621)
• Guangzhou, China
12 Jan 16
@scheng1 I like to donate money which can really use for those people who are in need rather than the officers.After Sichuan earthquake happened in 2008, I felt bad for those people and I went to the bank to donate money although nobody asked me to do so. I was willing to help something. Later I learned that Sichuan people didn't have a better change and those money was in a bad way usage, I felt angry.
1 person likes this
@scheng1 (24649)
• Singapore
11 Jan 16
I think the regulation on charities is very different in China from Singapore.
It is still possible for us to donate to charities that are not regulated, such as religious groups, but for most that get government funding, they have to keep the record very neat for inspection.
1 person likes this
@Raine38 (12390)
• United States
10 Jan 16
Honestly, I have in mind that if ever I win a large amount of money, I will donate a good sum of it to a charity that I support. I would rather give it to those who will need it directly than give it to the government in the form of taxes. I know they say that the taxes go back to those who need help, but I just prefer helping directly.
3 people like this
@infatuatedbby (94914)
• United States
10 Jan 16
Same here. I don't make much to begin with! But if I did...... another story and I would definitely donate! 
1 person likes this
@cherriefic (10399)
• Philippines
10 Jan 16
It's a very good practice to invest and also give our to charity. It seems rich people keeps on donating to charities. Maybe it's really one of their secrets to success.
2 people like this
@Drosophila (16571)
• Ireland
11 Jan 16
great idea.. now it makes sense to me why rich people donates.. less tax :D
1 person likes this
@BACONSTRIPSXXX (14377)
• West Haven, Connecticut
11 Jan 16
That sounds like a good way to make some money and give back to the poor without taxes being pulled from his earnings
1 person likes this
@softbabe44 (5816)
• Vancouver, Washington
10 Jan 16
It can become a real issue if you're not going anywhere with it.
1 person likes this
