Maurice gave $20,000 to charity each year. He had $20,000 in stock that cost him $14,000 to

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Maurice gave $20,000 to charity each year. He had $20,000 in stock that cost him $14,000 to buy. Assuming he is in the 23 percent marginal tax bracket for capital gains, how much will he save by donating the stock directly to charity?

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Personal Financial Planning

ISBN: 978-1259277184

2nd edition

Authors: Lewis J. Altfest

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Question Posted: May 05, 2017 10:27 AM

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Maurice gave $20,000 to charity each year. He had $20,000 in stock that cost him $14,000 to

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Maurice would not have to pay capital gains taxes on the appreciated ...View the full answer

Personal Financial Planning

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