Suzanne Perry's recent article, available on the Chronicle of Philanthropy's website, explores the projected decrease in giving to charitable organizations if the charitable deduction were to be limited for the wealthy as per President Obama's recent recommendation. One study projects the potential reduction in giving at a range of $2.9 - $5.6 billion per year while another projects $1.7 - $3.2 billion per year. (The possible change in charitable deductions is significant Read More …
tax reform
Tax Day Responsibility and Reform (#0336)
Today, Monday, April 18, 2011, is tax day. We all got an extra three days to file our federal returns this year thanks to Emancipation Day, an obscure Washington, D.C., holiday that celebrates the freeing of slaves in the district (the holiday fell on Saturday but was observed on Friday). By the end of the day, however, it is our responsibility to have filed a return or an extension. Shane Claiborne is a founder of The Simple Way, an advocate of non-violence, and a popular Read More …