Re:The Undermining of American Charity
by dragonwriter on Wednesday August 31, 2016 @12:01PM
(#12399277)
> IMO, a great many problems would be avoid by removing the charitable giving tax break.
It at least would be desirable to stop it from being a deduction and make it a credit at some percentage of donations, about equivalent to the income tax rate on the median dollar of income nationally.
That would, at least, remove the current issue where the public is effectively subsidizing the charities favored by wealthier donors at a higher rate than those favored by less-wealthy donors.
It at least would be desirable to stop it from being a deduction and make it a credit at some percentage of donations, about equivalent to the income tax rate on the median dollar of income nationally.
That would, at least, remove the current issue where the public is effectively subsidizing the charities favored by wealthier donors at a higher rate than those favored by less-wealthy donors.