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says they're rich. they should pay more in taxes so the republicans say you're rich. pay more, write a check. >> one other question before eric get in. i know he was chomping at the bit. if warren buffet were to go ahead and put that money towards the deficit, would it be a tax writeoff for him? >> i think it would be a voluntary contribution. therefore, not tax deductible but i'm not absolutely sure. >> line item on your tax return, you can actually add to -- offer money to reduce the deficit. stuart, mr. buffet is very -- he's out there saying i want to reduce the deficit and i'll pay more in personal taxes. when you go after berkshire hathaway, though, he doesn't want to pay more in corporate taxes, though. >> he does not. what he wants, he said this many, many times. he wants the rich people to pay more in income taxes. the rich. the wealthy are not taxed on their wealth. and him specifically, him specifically, where does he make his money? >> he makes his money -- he grows his wealth by growing his
homeowners, take the january mortgage payment to include it now. include the interest and deduction with your 2011 taxes. that is good way. you will pay in a couple weeks anyway. pay it now. jon: if you've got the money. >> if you've got the money. most of these will be contingent having the money. jon: if you have a home too. >> if you have got a home. for homeowners a lot of programs out there if you get energy efficient windows. if you buy solar panels. if you buy the right home heating system, right air-conditioning system. those type of things you want to take advantage of. if you buy air conditioner next six months or year might as well do it now, maybe you can write a whole lot or maybe all of it off to uncle sam. jon: the third tip applies to homeowners and renters as well. if you have furniture, old cars, really i guess even clothing and you donate that stuff to goodwill or some other agency it can be a tax writeoff. >> absolutely. we're going into the new year. go through the house and
you go to the wedding, what do you get. >> any one who ever donated anything should get it back too,. >> judge jeanine: back to that. talk about returning the gifts or talk about returning anything? >> when i talk about damage control this is how they are doing more damage than they are controlling the situation. as the outrage exploded this week, kim appearance announced that she was going to donate -- not return the wedding gifts but donate $200,000 to a charity. a charity that looks after disadvantaged people. now, to me that sounds great but, of course, it is a tax write-off and what is the bet that that becomes a key part. >> doing this as a tax writeoff, making charitable contributions all the time. how about that $2 million ring. maybe it was a fraud on kris. does he say i want my ring back and can he get it? >> surprisingly he has been silent since the divorce made
you go to the wedding, what do you get. >> any one who ever donated anything should get it back too,. >> judge jeanine: back to that. talk about returning the gifts or talk about returning anything? >> when i talk about damage control this is how they are doing more damage than they are controlling the situation. as the outrage exploded this week, kim appearance announced that she was going to donate -- not return the wedding gifts but donate $200,000 to a charity. a charity that looks after disadvantaged people. now, to me that sounds great but, of course, it is a tax write-off and what is the bet that that becomes a key part. >> doing this as a tax writeoff, making charitable contributions all the time. how about that $2 million ring. maybe it was a fraud on kris. does he say i want my ring back and can he get it? >> surprisingly he has been silent since the divorce made
>> any one who ever donated anything should get it back too,. >> judge jeanine: back to that. talk about returning the gifts or talk about returning anything? >> when i talk about damage control this is how they are doing more damage than they are controlling the situation. as the outrage exploded this week, kim appearance announced that she was going to donate -- not return the wedding gifts but donate $200,000 to a charity. a charity that looks after disadvantaged people. now, to me that sounds great but, of course, it is a tax write-off and what is the bet that that becomes a key part. >> doing this as a tax writeoff, making charitable contributions all the time. how about that $2 million ring. maybe it was a fraud on kris. does he say i want my ring back and can he get it? >> surprisingly he has been silent since the divorce made news and that is part of the pre-nup agreement as i understand that both parties
opportunity to find out what the other networks are doing and what everyone -- finally get a watchdog looking over our shoulder. i didn't look it would be looking over our shoulder. >> about 20 minutes ago, we were talking about how the president has made a lot of gaffes and yet you don't see them in the mainstream media and you would think a media watchdog group would cover something like that. absolutely not. they would never talk about the president's gaffe. so -- and in the last week or so, we've been talking about how they have, media matters has tax exempt status because they're a 501c3 organization and now a lot of people are saying look, they've crossed the line. they've become a political wing, a media wing of the dnc and they've got to lose that particular designation where it's a tax writeoff. >> when you make contributions to charities, that's tax deductible and media matters falls into that category because when you make a contribution to them as george soros has so often, that's tax deductible so we decided to put together a little primer on what is a charity and what is not a
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something on fannie and freddie in the next two years. >> brett: thank you. speaking of money, that is not all the president is burning on his personal trainer. details next in the grapevine. big pay day becomes a big tax writeoff for one of muammar khadafy's favorites. i can't get rid of these weeds, or these nasal allergies. i know what works differently than ny other allergy medications. omnas. omnaris. to the nose! did you know nasalymptoms like congestion can be caused by allergic inflammation? omnaris relieves your symptoms by fighting inflammation. side effects may include headache, nosebed and se throat. [ inhales deeply ] i nipped my allergy symptoms in the bud. omnaris. ask your doctor. battling nasal allergy symptoms? omnaris combats the cause.
>> absolutely. they have the right idea. instead of complaining about tax cuts give them the option of giving it back to who ever they want to. yarn -- instead of forcing them to take it out. >> i don't think you can top that. >> i can't. >> i am confused on the whole tax deduction. don't you get like a deductible -- like when you donate to charity? >> yeah, you get a tax de -- a tax deduction. >> i am confused so you get credited for the money -- >> why do you think we give so much away? >> you can give it to the charity you would like. >> that's a good . one of the reasons they said they didn't include private businesses in this so you could donate something that will create jobs is you can't get a tax writeoff for that. >> this is hurting my brain. >> to wallly's point, i gave to the salvation army and i saved my receipt for the tax guy. i got $.50 cents back and it
>> reporter: there are so many tax benefits for livestock breeding and alpacas are relatively easy to raise. one web site advertises. have uncle sam. he buy your alpacas. lots of people are getting in on it. >> i could never write it off. but after purchasing the alpacas, all my toys, all of a sudden became tax writeoffs. megyn: unbelievable. john stossel is the anchor of "stossel." you are telling me they are not buying them because they are adorable and fun to pet and look at. they are buying them for a tax writeoff? >> reporter: the alpacas are the only one that's kind of like a pet and fun to have at home. low maintenance. there used to be 150 in america.