March 12, 2009
Donations and Deductions
Half of wealthy donors say they would give even if they got no federal tax break, survey finds
Amid the debates over President Obama's proposal to reduce tax breaks for affluent donors, a study released last week shows that half of wealthy Americans say their charitable giving would be unaffected by the elimination of federal tax provisions designed, in part, to spur philanthropy.
Nearly 52 percent of wealthy donors said their giving would stay the same if they no longer received income-tax deductions for their donations, while 54 percent said a repeal of the estate tax would
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