As many of us scurry to gather our receipts and recollect the donations we made in 2012, there is a chorus of folks who say that the predicted elimination of the deductibility of charitable donations will result in fewer people giving or people giving less. My response is that it will not.
According to Bloomberg: "In the past decade, the number of nonprofit groups has grown by 25 percent to 1.6 million. They now account for 5.4 percent of gross domestic product and 10 percent of jobs."
We know we have a social contract. Reasonable people can disagree on how much government is responsible for that contract versus the private sector. That someone has to be, however, is not in dispute. That we have to pay for it shouldn't be either.
As the debate and acrimony in Washington, D.C. continues regarding the absurd notion that the federal charitable deduction plays an important role in ...
With all the donating we do throughout the year, how do we know what's deductible, how much of it can we write off of our taxes, and what records do we need to support it?
Soup kitchens over art and music programs? Social justice over inner city education? Homeless shelters over medical research? ACORN over the environment? With the thousands of charitable organizations in existence, do we really want these decisions politicized and manipulated?
Though President Obama's proposed deduction cap will allow the rich to still write off more than the middle class, charities say it could cost them bi...
What should the Democrats be offering as one of their top priorities to deal with the enormous inequities in our tax code? I call for the "flatter tax." I believe all income from whatever source should be taxable.
While most foundations do not engage in campaigns to expand policies that extend a helping hand to our neighbors, a growing number are engaging in campaigns whose result may be the opposite.
WASHINGTON -- Part of the debt-reduction plan unveiled Tuesday by the Gang of Six would "reform, not eliminate tax expenditures" for charitable giving...
WASHINGTON -- Even as the United States suffers from a staggering unemployment crisis and vast income inequality, the nation's wealthiest families are...