3 ms·

Honestly, why isn't there a general indignation against the concept of tax breaks for any charitable contribution? I'm generally not aligned with the libertari

by mihaic 3y ago

Honestly, why isn't there a general indignation against the concept of tax breaks for any charitable contribution? I'm generally not aligned with the libertarians, but let's just lower taxes and simply let people give wherever they want. The only real benefits that non-profit structures like a 501(c) should be that their donations aren't taxed as income, and that's it.

wskinner 3y ago
In America, there is broad implicit approval for the idea that the tax code should be used to encourage (discourage) desirable (undesirable) behavior. We may quibble about the definition of desirability, but most Americans do seem to support this.
- mihaic 3y ago
  It doesn't seem to be working though when breaks are given so broadly.
- Guvante 3y ago
  Tax breaks for donations only impact these kinds of schemes. The majority of donations aren't conditioned on a tax write off from what research has been done.
sesuximo 3y ago
I think the idea is “the government should take money from projects for the greater good” … this is a concept that is 100s of years old