In a March 8th summary opinion, a United States Tax Court judge found that a taxpayer overestimated the value of used clothes donated to charity. This case involving “funadametal and familiar principles of Federal income taxation” has attracted attention from blawgers and the news media because the donated shoes and clothing had designer labels, the donor was an investment banker at Goldman Sachs who described herself as an “impulsive buyer” and had worn the items once or twice before donating them to charity, and she had claimed a charitable deduction in the neighborhood of $50,000 for her donations.