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I'm not saying they're not worth giving money to however. In the case of Belgium there is proper vetting, and not every project can get an accreditation. But t
by charlesdm 8y ago
I'm not saying they're not worth giving money to however. In the case of Belgium there is proper vetting, and not every project can get an accreditation.
But the deduction incentivises giving. I tend to gift double the money I would without the deduction, because the cost is exactly the same to me. The US system is probably too generous when comparing both.
I personally don't oppose the deduction. Most are not investment vehicles but actual charities, doing something good in the world. I wish more people would do something good in the world.
I'm sure more money goes lost every year due to political corruption and graft, than through the charity tax deduction.
- Retric 8y ago> I tend to gift double the money I would without the deduction, because the cost is exactly the same to me Then you give ~exactly the same money, it's the public that's giving more money. Forcing everyone else in your country to chip in just a little more for roads is not the same as giving more money.