On: The Engineer Who converted 12,100 Cups Of Pudding ...

[dlhavema]

i might be wrong but if it's a tax deduction, doesn't that just reduce his tax liability by some percentage of the $800, so more like 20-30% depending upon his tax bracket? That way the $800 is only worth maybe $200 - $300.. A tax credit would be a full dollar for dollar comparison.

[PeterisP → dlhavema]

The article seems to state that he got $800 deduction out of the $3k pudding purchase - which matches that 20-30% expectation.

[Lagged2Death → dlhavema]

You're quite right. Very common error, unfortunately.