| A. Charitable Donation |
$1,000 |
| B. Colorado State Income Tax Savings (4.63%) |
$46 |
| C. Colorado Child Care Tax Credit |
$500 |
Harrah's Casino Cherokee N C
Harrah's Casino Michigan City In
| D. Federal Income Tax Charitable Deduction* |
$127 |
| E. Tax Savings (B+C+D) |
$673 |
| F. After-tax cost of your $1,000 contribution (A-E) |
$327: Only 33% of the donation! |
|
* Federal tax deduction is reduced because of the add-back effect of reduced state taxes. |