By giving greater relief to the highest earners, the charitable deduction disadvantages charities which protect the most vulnerable
As part of its $1.5 trillion tax cut last year Congress doubled the standard deduction that taxpayers are eligible to take. Many US charities are worried that this will decrease their incomes by reducing the number of people who itemize their deductions. Kelly L. Russell writes that charities are right to be worried about this change, but also argues […]