Paying (some of) your taxes to the C&TS, et al, instead of the Feds . . .

Well, sort of -

Prompted by John Cole's post regarding the purchase of season passes to support the C&TS, I was about to call the railroad's ticket office when the following occurred to me:  The C&TS, as a state-owned enterprise, is eligible to receive Tax Deductible donations.  I therefor suggest that those of us who itemize deductions on our tax returns consider the following, and make a $250 tax-deductible donation to the C&TS instead of purchasing a $200 Season Pass.   $250, deducted from my income, is $250 on which I am not paying a (roughly) 30% federal tax – that's $75 dollars that I won't be "donating" to Uncle Sam.  It's also $250 on which I won't be paying a (roughly) 10% state income tax here in California – another $25 that stays in my own bank account.  The net result is $250 instead of $200 going to the C&TS, and only $150 coming out of my account — a win-win for both me and the railroad, and an "up yours" to the California Franchise Tax Board and the Infernal Revenue Service.    

John Bush Wrote (on another thread):
-------------------------------------------------------
> The Cumbres & Toltec Scenic Railroad Commis-
> sion is a non-profit and can accept tax-deductible
> donations. It is a 170c1, which is the equivalent of
> a 501c3, but for entities that are connected to the
> state. Remember that we are jointly owned by the
> states of Colorado and New Mexico . . .    Dona-
> tions are very much appreciated at this difficult
> time.  Checks should be made out to Cumbres
> & Toltec Scenic Railroad Commission.
>
> Donations can be mailed to:
> Cumbres & Toltec Scenic RR Commission
> Post Office Box 668
> Antonito, CO 81120

- El Abuelo Histœrico, Greengo y Curmudgeoño de los Locomoturas Viejos y Verdes,
aka Der Grossväterlich DünkelOlivGrünDampfKesselMantelLiebHabender

p.s.  Unfortunately this doesn't also apply to the Durango & Silverton, which is a privately-owned for-profit enterprise, but it does apply to other non-profit operations — such as our friends in Como, Georgianatown & Golden, CO; Independence, CA; and in Maine and Pennsylvania, etc., etc.



Edited 4 time(s). Last edit at 08/03/2020 02:00PM by Russo Loco.