Basic Tax Procedure for car donation

The basic tax procedure for most Americans is as follows:

1. The person makes a certain amount of income in a year. This is called the "gross income."
2. The IRS allows certain deductions from the total "gross income". What is left after the deductions are made is what is called the "taxable income".
3. The taxable income is then taxed a certain percentage based on the income range. Generally the higher the income the higher the tax percentage. There are "tax tables" that establish how much tax a person pays according to their taxable income.