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.”
Get Infrequent Email Updates
- RT @lloydblankfein: Congratulations to Elon Musk, another immigrant who helps make America greater!! https://t.co/cu7ZRg3uio, 9 hours ago
- @auren Dark. :), May 29
- Wear masks within 30 feet of someone outdoors? Evidence so far suggests it’s extremely hard to transmit the virus i… https://t.co/WBR6WtXpzY, May 29
Subscribe to BlogGet posts sent to you by email when they're published.