A telling article in today’s NYT about the impact of tax breaks and charitable giving. After President Bush’s tax cuts, the highest earners – those with incomes > $200k – gave less to charity than before. Low-income donors “managed to part with a whopping 26 percent of their incomes, while high earners gave 3.4 percent.” This may mean trouble for President Bush’s tax cuts for the highest earners; after all, “maybe they’re not as compassionate as he’d hoped.”
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