The Great Recession, tax policy, and the future of charity


by AEI on Dec 3, 2013 | Views: 326 | Score: 1
Sources: aei.org
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AEI
AEI on Dec 3, 2013 11:22 AM said:

The proposed 28 percent cap on charitable deductions can be expected to lower total charitable giving in the short run by 4.35 percent. Based on the Giving USA estimate that individual giving came to approximately $218 billion in 2011, a total loss of giving from this cap would be about $9.4 billion in the first year.