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View Diary: Save American Charities. Restore the Estate Tax. (9 comments)

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  •  I wonder what limitations they're talking about (1+ / 0-)
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    Larsstephens

    They say altruistic or religious motives outweigh tax-shelter considerations among such donors, and cite previous limitations placed on deductions for high earners that they say haven't hurt donations.

    Wonder what they mean?  AFAIK, there's never been the sort of deduction-limit before (under Reagan, the credit was 28% because the top rate was 28%; ie, charitable contributions were 100% deductible).  I guess there was the itemized deduction phaseout, but that was a pretty small number.

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