0
0

Charitable deductions


               
2012 Nov 19, 6:02am   3,424 views  8 comments

by CL   follow (1)  

I remember reading that when the top marginal tax rates go down, that charitable contributions go down with it.

Also, during the recession I saw a lot of scared rich people doing lots of scared things...dumping stocks, for example.

However, the conservative argument requires that if the Government got out of the business of helping the poor, that private charitable organizations would perform the work.

How would Churches and non-profits succeed if they, like everyone else, suffered from investments tanking and a sudden drop in revenue? Where would they get the money to help the poor or economic victims?

Also, does anyone have any information regarding tax rates and charity to prove or disprove the premise?

Comments 1 - 2 of 8       Last »     Search these comments

1   Tenpoundbass   @   2012 Nov 19, 11:48pm  

I think we need to redefine "Charity", a Charity shouldn't be a Job.
If you're going to ask for my time and money, then I expect you to do the same. A Charity shouldn't be lucrative for the administrators, or the canvassers that are paid by percentage. They shouldn't have high paid marketers, and they shouldn't be Print shops biggest most lucrative clients.

2   justme   @   2012 Nov 20, 12:40am  

Slightly off-topic, but could Patrick.Net become a non-profit for which donations would become charitable deductions?

Are there many blogs and the like that are structured as non-profits?

Patrick would be the executive director and could pay himself a salary.

Comments 1 - 2 of 8       Last »     Search these comments

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   users   suggestions   gaiste