Cookies?
Library Header Image
LSE Research Online LSE Library Services

By giving greater relief to the highest earners, the charitable deduction disadvantages charities which protect the most vulnerable

Russell, Kelly L. (2018) By giving greater relief to the highest earners, the charitable deduction disadvantages charities which protect the most vulnerable. USApp - American Politics and Policy Blog (02 May 2018). Website.

[img]
Preview
Text - Published Version
Download (237kB) | Preview

Abstract

As part of its 1.5 trillion tax cut last year Congress doubled the standard deduction that taxpayers are eligible to take. Many US charities are worried that this will decrease their incomes by reducing the number of people who itemize their deductions. Kelly L. Russell writes that charities are right to be worried about this change, but also argues that this concern masks the darker side of the charitable deduction: it tends to benefit the richest taxpayers the most, who in turn tend to support elite institutions such as foundations and universities, rather than charities which support the poor.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/usappblog
Additional Information: © 2018 The Author(s)
Divisions: LSE
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HN Social history and conditions. Social problems. Social reform
Date Deposited: 20 Aug 2018 11:02
Last Modified: 09 Oct 2021 23:17
URI: http://eprints.lse.ac.uk/id/eprint/90047

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics