Americans give billions of dollars per year to charities.  In fact, charitable deductions in 2002 totaled over $136 billion.  According to the IRS Statistics of Income Bulletin (winter 2003-04), here are the average breakdown of claimed deductions for charitable contributions on 2002 tax returns:

• Taxpayers with Adjusted Gross Income between $15,000 to $30,000 averaged charitable contributions of $1,890.
• Taxpayers with AGI between $30,000 and $50,000 averaged $2,006 in charitable contributions.
• Taxpayers with AGI between $50,000 and $100,000 averaged $2,530 in charitable contributions.
• Taxpayers with AGI between $100,000 and $200,000 averaged $3,875 in charitable contributions.
• Taxpayers with AGI over $200,000 averaged $17,354 in charitable contributions.

• Should you change your corporate status? Way back in December 1997, Inc. Magazine published an article that discussed the circumstances under which a business may want to consider switching its corporate status.  Among the conditions it discussed were the following: The company needs capital. If you're simply contemplating raising your credit line or bringing in some......
• Financial Statements and Fund-ability Disraeli once said that "there are three kinds of lies: lies, damned lies, and statistics." In business, some of the "statistics" that can tell such damning lies are the numbers found on company  balance sheets and income statements. Too often, the reality is not accurately reflected in the numbers. Accounting......

• Don't worry about hitting the next tax bracket
• Phantom Tax Rates