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Re:Chuck Feeney Is Now Officially Broke by lotsofpulp on Tuesday September 15, 2020 @04:59PM (#24486642)
I would get rid of all tax deductions period, but in the case of non anonymous donations, the chance of quid pro quo and inability to prove it is so high, that I just view it as a tax loophole for the rich.

If it lowers the amount people donate, then it proves my point...that people were intending to get something in return, hence not a donation.

Re:Chuck Feeney Is Now Officially Broke by jcheng on Tuesday September 15, 2020 @05:28PM (#24486903)
Unless there's actual corruption involved (like giving to a "charity" that actually fuels your personal expenses), how could a deductible gift be used a tax loophole?

I've heard the misconception that one could use a deduction to bump yourself into a lower tax rate on your entire income, and therefore come out ahead, but that's not how U.S. federal income tax rates work.

Re:Chuck Feeney Is Now Officially Broke by lotsofpulp on Tuesday September 15, 2020 @05:37PM (#24486997)
Donate to a selective school, and your descendants get higher probability of admission.
Re:Chuck Feeney Is Now Officially Broke by strken on Tuesday September 15, 2020 @06:14PM (#24487349)
It's like the government is matching your donations, and in the case of certain charities, that means the government is effectively funding lobbyists for you.

"Loopholes" are often in the eye of the beholder.

Re:Chuck Feeney Is Now Officially Broke by jcheng on Tuesday September 22, 2020 @01:18AM (#24551105)
Re:Chuck Feeney Is Now Officially Broke by unethical_ban on Tuesday September 15, 2020 @05:25PM (#24486877)
So it's better that a hospital not get Beinhoff's hundred million dollars, since you don't like his need for legacy?
Re:Chuck Feeney Is Now Officially Broke by lotsofpulp on Tuesday September 15, 2020 @05:35PM (#24486982)
If society wants the hospital to exist and have funding, then society can decide to raise taxes to pay for it.

I don't care about Benioff's need for legacy. I care about reducing corruption, which non anonymous tax deductible donations enable.

Re:Chuck Feeney Is Now Officially Broke by unethical_ban on Tuesday September 15, 2020 @07:37PM (#24487944)
I think your idea of controlling "corruption" is simplistic if your argument ends with "let government handle the money".
Re:Chuck Feeney Is Now Officially Broke by Ericson2314 on Tuesday September 15, 2020 @05:19PM (#24486809)
Absolutely a good comment. Tax the rich, replace philanthropy with Democracy. Pathetic that PP is getting downvotes.
Re:Chuck Feeney Is Now Officially Broke by unethical_ban on Tuesday September 15, 2020 @05:27PM (#24486892)
Get off the high horse. He didn't explain his original position at all, and frankly it's an ideal that seems very unrealistic. I agree that we should be taxing the ultra-rich a lot more, but "prohibiting donations that have names attached" is legislating morality as much as "don't buy liquor on Sundays".
Re:Chuck Feeney Is Now Officially Broke by lotsofpulp on Tuesday September 15, 2020 @05:36PM (#24486988)
I never wrote non anonymous donations should be prohibited.