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.
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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: | 13 Sep 2024 13:39 |
| URI: | http://eprints.lse.ac.uk/id/eprint/90047 |
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