Leave it to lawyers and the government to are not prepared to give a straight answer to this thought! Unfortunately, in order to be allowed to wipe out a tax debt, tend to be five criteria that must be satisfied. Contributing a deductible $1,000 will lower the taxable income from the $30,000 every person from $20,650 to $19,650 and save taxes of $150 (=15% of $1000). For the $100,000 every single year person, his taxable income decreases from $90,650 to $89,650 and saves him $280 (=28% of...