Skip to main content

View Diary: Open thread for night owls: Insurance report—Extreme weather already costing us dearly (113 comments)

Comment Preferences

  •  Here's some ideas from the tax policy center (2+ / 0-)
    Recommended by:
    2020adam, bigjacbigjacbigjac

    WaPo - Posted by Dylan Matthews on November 15, 2012 at 11:50 am
    How to cut the charitable deduction without hurting charities

    One way you could make up that revenue without striking too hard a blow against nonprofits is to set a floor, rather than a ceiling, on charitable gifts. According to a Tax Policy Center paper by Roger Colinvaux, Brian Galle and Eugene Steuerle, if the tax code only allowed people who gave more than 1.7 percent of their income to charity to claim the deduction, and that deduction were placed “above the line” so filers who don’t itemize could claim it too, there would be no reduction in charitable giving. However, there’d also be a big increase in revenue: about $10.4 to $11 billion per year, or up to $110 billion over a decade.
    I don't know about this stuff so it might not be a good thing though

Subscribe or Donate to support Daily Kos.

  • Recommended (141)
  • Community (68)
  • Baltimore (64)
  • Bernie Sanders (49)
  • Freddie Gray (38)
  • Civil Rights (36)
  • Hillary Clinton (26)
  • Elections (25)
  • Racism (23)
  • Culture (22)
  • Education (20)
  • Labor (20)
  • Law (19)
  • Media (19)
  • Rescued (17)
  • Economy (17)
  • Science (15)
  • 2016 (15)
  • Politics (15)
  • Texas (13)
  • Click here for the mobile view of the site