Pocket : Effects of Eliminating the Charitable Giving Tax Deduction

Pocket : Effects of Eliminating the Charitable Giving Tax Deduction: "The income tax's charitable deduction serves the valuable purpose of encouraging private giving. Private charities are often more cost conscious, responsive, better targeted and invite greater citizen participation than government outlay programs. The deduction also recognizes that people contributing to charities are transferring part of their incomes to others, which reduces their ability to pay taxes out of what remains. The Joint Committee on Taxation and the Treasury, however, classify the charitable deduction as a tax expenditure because it would not be included in what they regard as a normal, broad-based income tax, say Michael Schuyler and Stephen J. Entin of the Tax Foundation."

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