Read e-book online Federal Tax Policy and Charitable Giving (National Bureau of PDF

By Charles T. Clotfelter

The USA is precise between Western international locations in its reliance on nonprofit associations to accomplish significant social services. This reliance is rooted in American background and is fostered by way of federal tax provisions for charitable giving. during this examine, Charles T. Clotfelter demonstrates that alterations in tax policy—effected via laws or inflation—can have an important effect at the point and composition of giving. Clotfelter makes a speciality of empirical research of the results of tax coverage on charitable giving in 4 significant parts: person contributions, volunteering, company giving, and charitable bequests. for every region, discussions of financial idea and appropriate tax legislation precede a evaluation of the knowledge and method utilized in econometric stories of charitable giving. furthermore, new econometric analyses are offered, in addition to empirical info at the impact of taxes on foundations. whereas taxes should not an important determinant of contributions, the result of the analyses offered the following recommend that charitable deductions, in addition to tax premiums and different facets of the tax approach, are major components in picking the dimensions and distribution of charitable giving. This paintings is a version for policy-oriented study efforts, however it additionally provides a massive (and very well timed) addition to the proof that needs to tell destiny proposals for tax reform.

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Extra resources for Federal Tax Policy and Charitable Giving (National Bureau of Economic Research Monograph)

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See, for example, Douty 1972; Becker 1974, p. 1084; Landes and Posner 1978b; and Hirshleifer 1978. 2 would again apply. How much giving of this sort would be forthcoming depends, of course, on the shape of the indifference curves, which in turn is a function of the importance and effectiveness of that potential aid. Direct Benejt Finally, helping may arise out of some more immediate or tangible benefit. Individuals may volunteer for organizations in order for their families or themselves to consume services.

S. Council of Economic Advisers 1983, p. 221). The 15 percent bracket in the 1917 bill began at $40,000 (CongressionalRecord7 September 1917, p. 6727). 32 Contributions by Individuals The Standard Deduction, 1944 The growing coverage of the income tax during World War I1 motivated a proposal in 1944 to introduce a standard deduction as an alternative to itemized deductions. Combined with a withholding system for wages, the standard deduction greatly simplified tax compliance for most taxpayers.

The most apparent fact is that contributions to religious organizations account for the largest share of individual giving, over 60 percent in each case. The distribution of nonreligious gifts, however, either is more variable or information on it is less certain, or both. Giving to seemingly well-defined groups as education and hospitals appears to vary markedly, suggesting either some change in giving patterns or noncomparabilities between data sources. 6 percent among itemizers in 1962. By the same token, gifts to hospitals appear to have had a relative increase between 1962 and 1978.

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