patrick.net

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?