Quote:
Originally Posted by speakingtohe
I pretty much gave up on trading paper books in stores 20 years ago. For a new book you are very lucky in my experience to get 20% of what you paid. Perhaps if you donate hundreds or thousands of dollars to charity every year the tax deduction thing could be worthwhile, but the paperwork and accounting for each small deduction seems a bit over the top to me.
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There are different ways to think about this. I tend to buy books from thrift stores and donate books to thrift stores. I suppose the ROI is 0%, but I'm typically saving about 80% to 90% on the books themselves. The donations aren't so much there to get a take deduction: it's there to ensure the system works. (It's kinda hard to have a reliable supply of books in thrift stores if noone donates.)