That discussion would get way too political, and delay folks getting $$$.

Plus, if you have that discussion, it opens the door for applying different tax brackets in normal time, depending on the cost of living in your part of the country.

In response to this post by WestyHokie

Posted: 03/25/2020 at 11:27AM

I don’t get these federal limits for federal charity -- WestyHokie 03/25/2020 10:08AM

Unless I end up losing my job, I don't want any free money from the feds ** -- Apex-Hokie 03/25/2020 12:08PM

No time to do a detailed needs based assessment ** -- BleedinOandM 03/25/2020 11:33AM

Heck with needs based, just set it at 500k -- WestyHokie 03/25/2020 3:55PM

That discussion would get way too political, and delay folks getting $$$. -- Hokie360 03/25/2020 11:27AM

Its being done wrong, IMHO -- Beerman 03/25/2020 11:16AM

That makes way too much sense! ** -- Diehard Hokie 03/25/2020 11:24AM

Agreed... -- Diehard Hokie 03/25/2020 10:44AM

Wouldn't bet on it. -- vthokieq 03/25/2020 10:51AM

$1 million???? -- BigDave 03/25/2020 11:14AM

People who make more and less don’t always plan well for emergencies -- WestyHokie 03/25/2020 11:21AM

And odds are most that don't really need it would -- vthokieq 03/25/2020 11:22AM

Deciding limit based on % of wealth distribution might be too illuminating -- Synaesthesia 03/25/2020 10:42AM

And many are currently at zero- last year as a reference point is ? ** -- bigbadbird 03/25/2020 10:21AM

Or two years ago if you haven't yet filed this year. ** -- vthokieq 03/25/2020 10:22AM

Optics and politics. -- vthokieq 03/25/2020 10:18AM

Agree, $150K/year in NYC is probably < $75K in many rural towns ** -- TabbHokie 03/25/2020 10:17AM

That discussion would get way too political, and delay folks getting $$$.

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