Comments on: Is Obama’s New Tax Plan A Bit Uncharitable? http://www.taxgirl.com/is-obamas-new-tax-plan-a-bit-uncharitable/ Paying taxes is painful... but reading about them shouldn't be. Sat, 21 Nov 2009 12:33:00 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Congress to Obama: Not So Fast | taxgirl http://www.taxgirl.com/is-obamas-new-tax-plan-a-bit-uncharitable/comment-page-1/#comment-9286 Congress to Obama: Not So Fast | taxgirl Thu, 05 Mar 2009 03:14:54 +0000 http://www.taxgirl.com/?p=2759#comment-9286 [...] problematic for the Obama administration is the plan to limit deductions. As previously blogged, the White House has proposed limiting deductions for charitable donations, mortgage interest and [...] [...] problematic for the Obama administration is the plan to limit deductions. As previously blogged, the White House has proposed limiting deductions for charitable donations, mortgage interest and [...]

]]> By: SE http://www.taxgirl.com/is-obamas-new-tax-plan-a-bit-uncharitable/comment-page-1/#comment-9276 SE Wed, 04 Mar 2009 18:08:29 +0000 http://www.taxgirl.com/?p=2759#comment-9276 See http://lawprofessors.typepad.com/nonprofit/2009/03/study-released.html for one analysis of how the tax plan would affect charitable giving. See http://lawprofessors.typepad.com/nonprofit/2009/03/study-released.html for one analysis of how the tax plan would affect charitable giving.

]]> By: TaxRascal http://www.taxgirl.com/is-obamas-new-tax-plan-a-bit-uncharitable/comment-page-1/#comment-9258 TaxRascal Tue, 03 Mar 2009 16:52:28 +0000 http://www.taxgirl.com/?p=2759#comment-9258 If the government spends more money on charity, but also reduces the charitable tax deduction, it might cancel out for charity recipients -- the difference is that there's more paperwork, and politicians can take the credit. If the government spends more money on charity, but also reduces the charitable tax deduction, it might cancel out for charity recipients — the difference is that there’s more paperwork, and politicians can take the credit.

]]> By: Kelvin Kao http://www.taxgirl.com/is-obamas-new-tax-plan-a-bit-uncharitable/comment-page-1/#comment-9249 Kelvin Kao Tue, 03 Mar 2009 08:22:26 +0000 http://www.taxgirl.com/?p=2759#comment-9249 I don't even bother obtaining receipts and I don't take my deductions, since the amounts aren't big and I do not want to deal with it. However, for people that actually have big amounts of donations, it would make a difference. To a degree, it will not only affect the willingness, but also the ability to give, when it comes to larger amounts. I don’t even bother obtaining receipts and I don’t take my deductions, since the amounts aren’t big and I do not want to deal with it. However, for people that actually have big amounts of donations, it would make a difference. To a degree, it will not only affect the willingness, but also the ability to give, when it comes to larger amounts.

]]> By: Boyd Thomas EA http://www.taxgirl.com/is-obamas-new-tax-plan-a-bit-uncharitable/comment-page-1/#comment-9212 Boyd Thomas EA Mon, 02 Mar 2009 18:10:38 +0000 http://www.taxgirl.com/?p=2759#comment-9212 I agree 100% that the deduction for charitable contributions should be above the line, and I also have no problem with the deduction(s) being limited. I am among those who would give regardless of any tax benefit -- my philosophy is simply to give to those less fortunate unconditionally, freely, then forget about it. I agree 100% that the deduction for charitable contributions should be above the line, and I also have no problem with the deduction(s) being limited. I am among those who would give regardless of any tax benefit — my philosophy is simply to give to those less fortunate unconditionally, freely, then forget about it.

]]> By: Mark Jabo http://www.taxgirl.com/is-obamas-new-tax-plan-a-bit-uncharitable/comment-page-1/#comment-9211 Mark Jabo Mon, 02 Mar 2009 18:09:08 +0000 http://www.taxgirl.com/?p=2759#comment-9211 If we instituted an above the line deduction and then eliminated the correspondingly redundant government programs, I believe we could save the Federal government $479.64 billion and thirty-three cents over 10 years. I'm pretty sure Bill Gates gave more to charity last year than I did. Shouldn't we be looking to encourage that kind of behavior rather than discourage it? At the very least the biodiversity folks should be up in arms because this type of proposal doesn't just kill one bird, it works to eliminate a whole species of golden geese. If we instituted an above the line deduction and then eliminated the correspondingly redundant government programs, I believe we could save the Federal government $479.64 billion and thirty-three cents over 10 years.

I’m pretty sure Bill Gates gave more to charity last year than I did. Shouldn’t we be looking to encourage that kind of behavior rather than discourage it?

At the very least the biodiversity folks should be up in arms because this type of proposal doesn’t just kill one bird, it works to eliminate a whole species of golden geese.

]]>