Tuesday, December 04, 2012
The Risks of Limiting Charitable Deductions - NPQ - Nonprofit Quarterly
The Risks of Limiting Charitable Deductions - NPQ - Nonprofit Quarterly: In his Urban Institute blog, The Government We Deserve, the Tax Policy Center’s Gene Steuerle looks to the past to auger the future of charitable deductions. He suggests that rather than eliminate charitable deductions altogether to increase much needed revenue, government should consider other options. He cites a 2003 GAO study which details what happened when tax deductions on donated cars were curtailed: claims for donated vehicles dropped. This was dramatically illustrated as only a graph could.